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Navigating the process of buying a new home in Stockton, 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 Stockton, AL or getting it ready for the market.
Identify the new home you want to buy in Stockton, 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 Stockton, 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 Stockton, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Stockton, 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 Stockton, 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 Stockton, 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 Stockton, 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 Stockton, 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 Stockton, Alabama offer a valuable financing option for individuals seeking to bridge the gap between the purchase of a new home and the sale of their current property. These loans provide quick access to funds, allowing borrowers to secure their new home without the stress of a contingency sale. Demographics: Stockton, Alabama, is a small, close-knit community with a population of approximately 1,500 residents. The town boasts a charming rural atmosphere, making it an ideal setting for those looking for a peaceful retreat away from the hustle and bustle of city life. Housing Market: Stockton's housing market is characterized by a mix of traditional single-family homes and spacious rural properties. The market is relatively stable, with moderate home prices and a steady demand for housing in the area, making it an attractive option for both buyers and sellers. Main Attractions: Despite its small size, Stockton offers plenty of attractions for residents and visitors alike. The nearby Upper Delta Wildlife Management Area provides opportunities for outdoor recreation, including hiking, hunting, and birdwatching. Additionally, Stockton is known for its annual festivals and community events that celebrate the town's rich culture and history.
Benefits of Bridge Loans in Stockton, Alabama
