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Navigating the process of buying a new home in Sunflower, 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 Sunflower, AL or getting it ready for the market.
Identify the new home you want to buy in Sunflower, 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 Sunflower, 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 Sunflower, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sunflower, 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 Sunflower, 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 Sunflower, 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 Sunflower, 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 Sunflower, 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 Sunflower, Alabama provides a short-term financing solution to bridge the gap between the purchase of a new home and the sale of the current one. This enables homeowners to make a smooth transition without worrying about the timing of their real estate transactions. Demographics: Sunflower, Alabama, is a charming town with a population of approximately 2,500 residents. The community is known for its friendly atmosphere, close-knit neighborhoods, and diverse cultural backgrounds, making it an ideal place to raise a family or retire. Housing Market: The housing market in Sunflower, Alabama, offers a mix of historic homes, modern developments, and spacious properties. With the help of bridge loans, homebuyers can take advantage of competitive mortgage rates, affordable housing options, and a stable real estate market. Main Attractions: Sunflower, Alabama, boasts scenic parks, recreational facilities, and a bustling downtown area with shops and restaurants. Residents and visitors alike enjoy outdoor activities, community events, and the town's rich history, making it a desirable place to live and visit.
Benefits of Bridge Loans in Sunflower, Alabama
