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Navigating the process of buying a new home in Sterrett, 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 Sterrett, AL or getting it ready for the market.
Identify the new home you want to buy in Sterrett, 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 Sterrett, 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 Sterrett, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sterrett, 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 Sterrett, 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 Sterrett, 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 Sterrett, 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 Sterrett, 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!
A bridge loan in Sterrett, Alabama, serves as a short-term financing option for individuals looking to bridge the gap between the purchase of a new home and the sale of their existing one. This type of loan provides flexibility and allows homeowners to secure their dream home without the stress of contingencies. Diving into the demographics of Sterrett, Alabama, the town boasts a close-knit community with a population that values a peaceful suburban lifestyle. Residents often enjoy the tranquility of the area while also benefiting from being close to larger cities like Birmingham, making it an ideal location for families and professionals alike. In terms of the housing market, Sterrett, Alabama, offers a mix of traditional single-family homes, sprawling estates, and newer developments catering to various preferences and budgets. The market is known for its stability and potential for growth, making it an attractive option for those looking to invest in real estate. Sterrett, Alabama, is home to a range of main attractions including the serene Cahaba River, Turkey Creek Nature Preserve, and proximity to Oak Mountain State Park. These natural wonders provide opportunities for outdoor activities like hiking, kayaking, and picnicking, making Sterrett a haven for nature enthusiasts.
Benefits of Bridge Loans in Sterrett, Alabama
