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Navigating the process of buying a new home in Spring Garden, 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 Spring Garden, AL or getting it ready for the market.
Identify the new home you want to buy in Spring Garden, 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 Spring Garden, 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 Spring Garden, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Spring Garden, 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 Spring Garden, 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 Spring Garden, 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 Spring Garden, 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 Spring Garden, 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 provide immediate access to funds for purchasing a new property before selling the current one, facilitating a smooth transition without the need for contingent offers. Spring Garden, Alabama, is a picturesque rural community with a population that values close-knit relationships and a peaceful lifestyle, making it an ideal place to raise a family or retire. The local housing market in Spring Garden offers a mix of single-family homes and land parcels at affordable prices, making it attractive for both first-time buyers and investors looking for potential growth.
Benefits of Bridge Loans in Spring Garden, Alabama
