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Navigating the process of buying a new home in Valhermoso 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 Valhermoso Springs, AL or getting it ready for the market.
Identify the new home you want to buy in Valhermoso 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 Valhermoso 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 Valhermoso Springs, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Valhermoso 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 Valhermoso 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 Valhermoso 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 Valhermoso 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 Valhermoso 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!
1. Benefits of Bridge Loans: Bridge loans offer a short-term financing solution for homeowners to bridge the gap between buying a new home and selling their current one. They provide flexibility and quick access to funds, enabling smoother transitions without having to rush the sale of the existing property. 2. Demographics: Valhermoso Springs, Alabama, is a small community with a population that boasts a mix of families and retirees. The median household income is moderate, making it an attractive location for affordable living. The area is known for its tight-knit community feel and friendly atmosphere. 3. Housing Market: The housing market in Valhermoso Springs is stable, with a mix of single-family homes and rural properties. The median home prices are affordable, making it an appealing option for first-time buyers and those looking to downsize. Bridge loans can help buyers secure their dream homes in this competitive market. 4. Main Attractions: Valhermoso Springs is known for its scenic beauty, offering outdoor enthusiasts plenty of opportunities for hiking, fishing, and enjoying nature. The area also has historical sites and local shops that showcase the town's unique charm and culture.
Benefits of Bridge Loans in Valhermoso Springs, Alabama
