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Navigating the process of buying a new home in Trinity, 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 Trinity, AL or getting it ready for the market.
Identify the new home you want to buy in Trinity, 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 Trinity, 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 Trinity, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Trinity, 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 Trinity, 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 Trinity, 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 Trinity, 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 Trinity, 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 Trinity, Alabama offer a convenient financing solution for individuals looking to bridge the gap between buying a new home and selling their existing one. These short-term loans provide immediate funds for down payments and help avoid contingency clauses in real estate transactions. Demographics: Trinity, Alabama, boasts a diverse population with a mix of families, young professionals, and retirees. The community values education with access to quality schools and a strong sense of community spirit. Housing Market: The housing market in Trinity, Alabama, is vibrant with a range of housing options including single-family homes, townhouses, and condos. The market is competitive, making bridge loans a valuable tool for securing properties in this desirable location. Main Attractions: Trinity, Alabama, offers a mix of outdoor recreational activities, cultural events, and historical sites. Residents can enjoy hiking at Wheeler National Wildlife Refuge, explore the historic districts, and attend local festivals showcasing the area's rich heritage.
Bridge Loans in Trinity, Alabama
