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Navigating the process of buying a new home in Stanton, 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 Stanton, AL or getting it ready for the market.
Identify the new home you want to buy in Stanton, 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 Stanton, 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 Stanton, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Stanton, 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 Stanton, 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 Stanton, 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 Stanton, 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 Stanton, 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 Stanton, Alabama offer a convenient financing option for homeowners looking to purchase a new property before selling their current one. These loans bridge the gap between the sale of the existing home and the purchase of a new one, preventing financial strain and allowing for a smooth transition. Demographics Stanton, Alabama, is a charming small town with a close-knit community. The population is diverse, with a mix of young families, retirees, and professionals. The town boasts a strong sense of community and pride in its local heritage. Housing Market The housing market in Stanton, Alabama, is thriving, with a range of properties available to suit various needs and budgets. Bridge loans can provide buyers with the flexibility to act quickly in this competitive market, securing their dream home without waiting for their current property to sell. Main Attractions Stanton offers a picturesque setting with beautiful parks, historic sites, and recreational activities. Residents can enjoy outdoor adventures, cultural events, and a vibrant downtown area with shops and restaurants. The town's welcoming atmosphere and quality of life make it a desirable place to call home.
Benefits of Bridge Loans
