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Navigating the process of buying a new home in Sipsey, 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 Sipsey, AL or getting it ready for the market.
Identify the new home you want to buy in Sipsey, 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 Sipsey, 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 Sipsey, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sipsey, 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 Sipsey, 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 Sipsey, 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 Sipsey, 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 Sipsey, 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!
Benefits of Bridge Loans: Bridge loans in Sipsey, Alabama offer quick access to funds to bridge financial gaps between the purchase of a new property and the sale of an old one. This type of loan can help homeowners secure their dream homes without having to wait for their current property to sell. Demographics: Sipsey, Alabama, is a small town with a close-knit community. The population consists mainly of families and retirees seeking a peaceful and scenic environment to call home. The town has a strong sense of community and local pride. Housing Market: The housing market in Sipsey, Alabama, is stable with a range of housing options available, from quaint single-family homes to spacious rural properties. The median home value is affordable, making it an attractive option for first-time homebuyers and those looking to invest in real estate. Main Attractions: Sipsey, Alabama, is known for its picturesque natural scenery, including the Sipsey Wilderness Area, a popular spot for outdoor activities such as hiking, fishing, and camping. The town also hosts local events that celebrate its rich history and culture, creating a vibrant community for residents and visitors alike.
Bridge Loans in Sipsey, Alabama
