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Navigating the process of buying a new home in Sulligent, 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 Sulligent, AL or getting it ready for the market.
Identify the new home you want to buy in Sulligent, 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 Sulligent, 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 Sulligent, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sulligent, 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 Sulligent, 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 Sulligent, 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 Sulligent, 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 Sulligent, 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 Sulligent, Alabama offer a flexible financing option for individuals looking to purchase a new home before selling their existing one. These loans provide short-term funding to bridge the gap between the sale of the current property and the purchase of a new one, helping to avoid the stress of a chain break. Demographics: Sulligent, Alabama, has a population of approximately 2,000 residents, with a median age of 42 years. The town has a close-knit community feel, with a mix of families and retirees contributing to a friendly and welcoming atmosphere. Housing Market: The housing market in Sulligent is relatively stable, with a median home value of $85,000. Bridge loans can help buyers take advantage of this affordable market by providing the necessary financial support to secure their dream home without delays. Main Attractions: Sulligent boasts scenic outdoor attractions such as Blue Springs State Park, ideal for hiking and picnicking. The town also hosts an annual Syrup Sop Festival, celebrating its rich agricultural heritage and offering a fun-filled experience for residents and visitors alike.
Benefits of Bridge Loans in Sulligent, Alabama
