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Navigating the process of buying a new home in Talladega, 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 Talladega, AL or getting it ready for the market.
Identify the new home you want to buy in Talladega, 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 Talladega, 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 Talladega, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Talladega, 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 Talladega, 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 Talladega, 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 Talladega, 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 Talladega, 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 offer a convenient financing option for homebuyers in Talladega. These short-term loans help bridge the gap between the purchase of a new home and the sale of the current one, providing the flexibility and financial support needed during the transition period. Talladega, Alabama, is a vibrant city with a diverse demographic profile. With a population of approximately 15,000 residents, the city offers a mix of urban and suburban lifestyles, making it an attractive location for families, young professionals, and retirees alike. The housing market in Talladega is competitive, with a range of housing options available to suit various preferences and budgets. From historic homes in charming neighborhoods to modern developments, the city offers a diverse selection of properties for buyers and renters. Main attractions in Talladega include the Talladega Superspeedway, a renowned NASCAR track that attracts racing enthusiasts from across the country. Additionally, the city boasts a rich cultural scene, with museums, parks, and outdoor recreational areas providing entertainment for residents and visitors.
Benefits of Bridge Loans in Talladega, Alabama
