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Navigating the process of buying a new home in Townley, 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 Townley, AL or getting it ready for the market.
Identify the new home you want to buy in Townley, 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 Townley, 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 Townley, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Townley, 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 Townley, 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 Townley, 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 Townley, 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 Townley, 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 Townley, Alabama offer unique advantages to homeowners and buyers. These short-term loans provide quick access to funds, bridging the gap between the purchase of a new home and the sale of an existing one. This flexibility allows individuals to secure their dream home without delays. Demographically, Townley is a charming town located in Walker County, Alabama. With a population of approximately 600 residents, this close-knit community offers a peaceful and tight-knit atmosphere. The town has a mix of families, retirees, and young professionals, creating a diverse and welcoming environment. In terms of the housing market, Townley presents promising opportunities. The real estate market in the area is stable, with a mix of affordable and mid-range housing options. Bridge loans can help buyers take advantage of these properties quickly, especially in a competitive market where time is of the essence. Some main attractions in Townley include the picturesque Bankhead National Forest, offering outdoor activities such as hiking and camping. Additionally, residents can enjoy the serene Townley Park for leisurely strolls and community events. The town's historic sites and local eateries also add to its unique charm.
Benefits of Bridge Loans in Townley, Alabama
