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Navigating the process of buying a new home in Union Springs, 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 Springs, AL or getting it ready for the market.
Identify the new home you want to buy in Union Springs, 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 Springs, 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 Springs, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Union Springs, 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 Springs, 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 Springs, 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 Springs, 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 Springs, 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 offer a convenient financial solution for residents of Union Springs, Alabama, who are in need of short-term financing to bridge the gap between the purchase of a new home and the sale of their current property. These loans provide flexibility and quick access to funds, allowing homeowners to avoid financial strain during the transitional period. Demographically, Union Springs boasts a diverse population of around 3,600 residents, with a mix of families, professionals, and retirees. The area's rich history and friendly community make it a welcoming place to call home. In terms of the housing market, Union Springs offers a range of affordable properties, making it an attractive option for first-time homebuyers and those looking to invest in real estate. The market is stable, with property values holding steady over time, offering homeowners a good return on investment. Some main attractions in Union Springs include the historic downtown area, known for its charming shops and local eateries. Nature lovers can explore nearby areas such as the Conecuh National Forest and Lake Eufaula, offering a variety of outdoor recreational activities for residents to enjoy.
Benefits of Bridge Loans in Union Springs, Alabama
