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Navigating the process of buying a new home in Skipperville, 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 Skipperville, AL or getting it ready for the market.
Identify the new home you want to buy in Skipperville, 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 Skipperville, 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 Skipperville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Skipperville, 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 Skipperville, 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 Skipperville, 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 Skipperville, 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 Skipperville, 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 offer a valuable solution for homebuyers in Skipperville, Alabama, by providing short-term financing to bridge the gap between the purchase of a new home and the sale of the current one. This allows buyers to move quickly and secure their dream home without the stress of selling their existing property first. Demographically, Skipperville is a small, close-knit community located in Dale County, with a population that values a peaceful rural lifestyle. Residents enjoy a low cost of living, strong community bonds, and a family-friendly atmosphere, making it an ideal place for families and retirees alike. In terms of the housing market, Skipperville offers diverse options ranging from charming single-family homes to spacious rural properties. The market is stable, with affordable prices compared to nearby urban areas. Bridge loans can help buyers capitalize on these opportunities and secure their desired home quickly. Main attractions in Skipperville include the beautiful Ozark National Forest, ideal for outdoor enthusiasts seeking hiking, camping, and fishing adventures. Additionally, the region boasts historical sites, local eateries, and community events that showcase the area's rich heritage and culture.
Benefits of Bridge Loans in Skipperville, Alabama
