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Navigating the process of buying a new home in Shannon, AL while selling your current one can be challenging. Horizon Lending Services' Bridge Loan program provides an ideal solution for a smooth transition, especially in today's competitive market where contingency offers are frequently not accepted.
Start by listing your current home for sale in Shannon, AL or getting it ready for the market.
Identify the new home you want to buy in Shannon, AL, make an offer, and reach an agreement with the seller. You can then proceed with the purchase using our bridge loan.
Our bridge loan program in Shannon, AL often does not require a down payment, freeing you from the need to come up with additional funds.
After your current home sells, we use the profits in Shannon, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Shannon, AL. You can choose to roll in all closing costs during this process, potentially requiring no money at the closing table.
Many of our bridge loans in Shannon, AL do not require a down payment, making it easier for you to transition to your new home.
You don’t need to qualify for both mortgage payments simultaneously.
Bridge loan payments in Shannon, AL may be deferred, meaning no payments are due while you are using the bridge loan.
You can pay off the bridge loan early without any penalties.
Our bridge loan in Shannon, AL provides the financial flexibility and convenience you need to buy a new home without waiting for your current home to sell, avoiding the hassle of managing two mortgages or making contingent offers. We handle the details, ensuring a seamless transition from your bridge loan in Shannon, AL to permanent mortgage financing, making the process as smooth as possible for you.
Ready to make your move? Contact us today to get started!
Bridge loans in Shannon, Alabama offer a quick financial solution for individuals looking to buy a new home before selling their current one. With flexible terms and competitive rates, these loans provide the funds needed to make a smooth transition without the stress of waiting for a sale. Shannon, Alabama, is a charming town with a population of approximately 1,200 residents. The community is known for its friendly atmosphere and strong sense of unity. The area boasts a diverse population with a mix of young families, professionals, and retirees. The housing market in Shannon, Alabama, is stable and offers a range of options for buyers. The median home price is affordable, making it an attractive location for first-time homebuyers and investors. With a variety of properties available, from historic homes to modern developments, there is something for everyone. Shannon, Alabama, is close to several main attractions, including the picturesque Shannon Lake, perfect for outdoor activities such as fishing and boating. The town also features quaint local shops, delicious dining options, and easy access to nearby hiking trails, making it an ideal place to live and explore.
Benefits of Bridge Loans in Shannon, Alabama
