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Navigating the process of buying a new home in Sylacauga, 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 Sylacauga, AL or getting it ready for the market.
Identify the new home you want to buy in Sylacauga, 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 Sylacauga, 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 Sylacauga, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sylacauga, 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 Sylacauga, 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 Sylacauga, 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 Sylacauga, 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 Sylacauga, 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!
Benefits of Bridge Loans: Bridge loans in Sylacauga, Alabama offer a convenient financing solution for individuals looking to purchase a new property before selling their existing one. These loans provide temporary funding to bridge the gap between the purchase of a new home and the sale of the current one, allowing borrowers to move quickly without being tied down by the sale process. Demographics: Sylacauga, Alabama, has a diverse population with a mix of families, young professionals, and retirees. The city has a strong sense of community and offers a range of amenities and services to cater to its residents' needs. Housing Market: The housing market in Sylacauga, Alabama, is stable with a variety of housing options available. From historic homes to modern developments, the city offers something for everyone. Bridge loans can help buyers secure their dream home in this competitive market. Main Attractions: Sylacauga is known for its beautiful outdoor spaces, including the scenic Blue Bell Creameries, the renowned Coosa River, and the historic Sylacauga Marble Quarry. The city also boasts a vibrant arts and culture scene, with galleries, museums, and theatres to explore.
Benefits of Bridge Loans in Sylacauga, Alabama
