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Navigating the process of buying a new home in Thomasville, 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 Thomasville, AL or getting it ready for the market.
Identify the new home you want to buy in Thomasville, 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 Thomasville, 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 Thomasville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Thomasville, 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 Thomasville, 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 Thomasville, 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 Thomasville, 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 Thomasville, 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 Thomasville, Alabama offer a convenient financing option for homeowners looking to purchase a new home before selling their current one. These loans provide immediate funds for the down payment, allowing you to secure your new property without waiting for your existing home to sell. Demographics: Thomasville, Alabama, is a charming small town with a population of approximately 4,000 residents. The community is known for its friendly atmosphere, strong sense of community, and rich history. Housing Market: The housing market in Thomasville offers a mix of historic homes, new construction properties, and spacious lots. With a median home price below the national average, it's an affordable option for both first-time buyers and those looking to upgrade. Main Attractions: Thomasville boasts a range of attractions, including a vibrant downtown area with local shops and restaurants, beautiful parks, and outdoor recreational opportunities. The nearby Cahaba River provides opportunities for fishing, kayaking, and other water activities.
Benefits of Bridge Loans in Thomasville, Alabama
