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Navigating the process of buying a new home in Tallassee, 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 Tallassee, AL or getting it ready for the market.
Identify the new home you want to buy in Tallassee, 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 Tallassee, 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 Tallassee, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Tallassee, 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 Tallassee, 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 Tallassee, 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 Tallassee, 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 Tallassee, 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 Tallassee, Alabama offer the advantage of providing swift financing for individuals needing funds to bridge the gap between the purchase of a new home and the sale of their current property. These loans are especially beneficial in competitive real estate markets where quick financing can give buyers an edge in securing their dream home. Bridge loans also allow homeowners to avoid the stress of carrying two mortgages simultaneously, offering a way to transition smoothly from one property to another. Demographics: Tallassee, Alabama, has a population of approximately X residents, with a median household income of $Y. The majority of the population consists of families and individuals with strong community ties. Housing Market: The housing market in Tallassee is experiencing steady growth, with a range of affordable housing options for both buyers and renters. The median home price is Z, making it an attractive location for first-time homeowners. Main Attractions: Tallassee offers a variety of attractions, including the picturesque Tallassee Falls, historic downtown area with charming shops and restaurants, and opportunities for outdoor activities such as hiking and fishing in the nearby lakes and rivers.
Bridge Loans in Tallassee, Alabama
