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Navigating the process of buying a new home in Trenton, 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 Trenton, AL or getting it ready for the market.
Identify the new home you want to buy in Trenton, 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 Trenton, 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 Trenton, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Trenton, 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 Trenton, 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 Trenton, 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 Trenton, 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 Trenton, 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 Trenton, Alabama offer flexibility to homeowners by providing short-term financing to bridge the gap between the purchase of a new home and the sale of the current one. This can help avoid delays in moving into a new home and prevent the need for temporary housing arrangements. Trenton, Alabama, with a population of approximately 2,000, boasts a tight-knit community feel with a median age of 38 years old. The town has a mix of residents from young families to retirees, creating a diverse and welcoming atmosphere for individuals of all ages. The housing market in Trenton, Alabama, is stable with a steady increase in property values over the years. The town offers a mix of housing options from affordable single-family homes to spacious estates, making it an attractive location for first-time buyers and families looking to upgrade. Some main attractions in Trenton include the beautiful Lake Trenton, which offers fishing and boating opportunities, as well as the historic downtown area with charming shops and eateries. Outdoor enthusiasts can enjoy hiking trails in the surrounding region, while history buffs can visit local landmarks like the Trenton Historical Society.
Benefits of Bridge Loans in Trenton, Alabama
