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Navigating the process of buying a new home in Sylvania, 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 Sylvania, AL or getting it ready for the market.
Identify the new home you want to buy in Sylvania, 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 Sylvania, 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 Sylvania, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sylvania, 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 Sylvania, 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 Sylvania, 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 Sylvania, 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 Sylvania, 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 Sylvania, Alabama offer a quick solution for financing the purchase of a new home before selling an existing one. This flexibility allows homeowners to secure their dream home without the stress of waiting for their current property to sell. Demographically, Sylvania, Alabama has a population of approximately 1,856 residents. The town boasts a diverse community with a mix of families, young professionals, and retirees. The low crime rate and excellent schools make it an attractive location for families looking to settle down. The housing market in Sylvania, Alabama is vibrant with a median home value of $127,500. Bridge loans provide buyers with the opportunity to capitalize on the competitive real estate market by offering a temporary source of funding until their existing home is sold. This ensures a seamless transition between properties. Some of the main attractions in Sylvania include the beautiful DeKalb County Public Lake, ideal for fishing and boating enthusiasts. Additionally, the Little River Canyon National Preserve offers breathtaking views and hiking trails for outdoor lovers. The town also hosts various community events and festivals throughout the year, creating a lively and welcoming atmosphere.
Benefits of Bridge Loans in Sylvania, Alabama
