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Navigating the process of buying a new home in Union Grove, 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 Union Grove, AL or getting it ready for the market.
Identify the new home you want to buy in Union Grove, 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 Union Grove, 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 Union Grove, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Union Grove, 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 Union Grove, 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 Union Grove, 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 Union Grove, 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 Union Grove, 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 offer a quick and flexible financing solution for those looking to purchase a new home before selling their existing one. They can help avoid the stress of timing issues in real estate transactions and provide the funds needed to secure the new property. Demographics: Union Grove, Alabama, is a small town with a population of approximately 1000 residents. The town is known for its close-knit community, family-friendly atmosphere, and strong sense of local pride. Housing Market: The housing market in Union Grove is stable, with a mix of single-family homes and rural properties. The median home price is around $200,000, making it an affordable option for first-time homebuyers and families looking to settle down in a quiet, picturesque setting. Main Attractions: Some of the main attractions in Union Grove include the picturesque Guntersville Lake, perfect for outdoor activities like fishing and boating. The town also boasts charming local shops, cozy cafes, and a thriving farmers' market, making it a lovely place to visit and live.
Bridge Loans in Union Grove, Alabama
