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Navigating the process of buying a new home in Tuscumbia, 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 Tuscumbia, AL or getting it ready for the market.
Identify the new home you want to buy in Tuscumbia, 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 Tuscumbia, 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 Tuscumbia, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Tuscumbia, 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 Tuscumbia, 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 Tuscumbia, 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 Tuscumbia, 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 Tuscumbia, 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 Tuscumbia, Alabama offer a valuable financial solution for individuals looking to purchase a new home before selling their current one. These short-term loans provide immediate funds to secure a new property, allowing homeowners to avoid missing out on their dream home. Tuscumbia, Alabama, has a population of approximately 8,423 residents. The city boasts a rich history and a strong sense of community. The median age in Tuscumbia is 42 years, and the median household income is $39,189. The housing market in Tuscumbia is currently experiencing steady growth, with a median home value of $85,900. The market offers a variety of housing options, from historic homes to modern developments, catering to individuals and families of all sizes. Some of the main attractions in Tuscumbia include the renowned Ivy Green, the birthplace of Helen Keller. Visitors can also enjoy the Tuscumbia Railway, Spring Park, and the Coon Dog Cemetery, offering a mix of cultural, historical, and outdoor recreational activities.
Benefits of Bridge Loans in Tuscumbia, Alabama
