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Navigating the process of buying a new home in Stevenson, 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 Stevenson, AL or getting it ready for the market.
Identify the new home you want to buy in Stevenson, 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 Stevenson, 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 Stevenson, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Stevenson, 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 Stevenson, 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 Stevenson, 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 Stevenson, 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 Stevenson, 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 Stevenson, Alabama offer a vital financial solution for individuals looking to purchase a new home before selling their existing one. These loans provide short-term financing that bridges the gap between the sale of the current property and the purchase of a new one, allowing homeowners to secure their dream home without the stress of timing constraints. Demographically, Stevenson, Alabama is a town known for its close-knit community and friendly residents. With a population of approximately 2,700, Stevenson offers a small-town charm that appeals to families and individuals seeking a peaceful and welcoming environment to call home. In terms of the housing market, Stevenson, Alabama boasts a diverse range of properties, from historic homes to modern developments. The area has seen steady growth in property values, making it an attractive location for both buyers and sellers. Bridge loans provide homeowners with the flexibility to take advantage of these market conditions and make strategic real estate moves. Stevenson, Alabama is home to a variety of main attractions, including the Stevenson Railroad Depot Museum, which showcases the town's rich history in the railroad industry. The nearby Russell Cave National Monument offers visitors the chance to explore ancient Native American archaeological sites, adding to the area's cultural significance.
Benefits of Bridge Loans in Stevenson, Alabama
