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Navigating the process of buying a new home in Valley Head, 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 Valley Head, AL or getting it ready for the market.
Identify the new home you want to buy in Valley Head, 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 Valley Head, 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 Valley Head, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Valley Head, 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 Valley Head, 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 Valley Head, 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 Valley Head, 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 Valley Head, 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 Valley Head, Alabama offer flexibility and speed for individuals looking to buy a new property before selling their current one. This type of loan can bridge the financial gap between the purchase of the new property and the sale of the existing one, providing the borrower with the funds needed when timing is crucial. Demographically, Valley Head is a small town in DeKalb County, Alabama, with a population of around 600 residents. The area is known for its peaceful and tight-knit community, making it an ideal place for families and those seeking a quieter lifestyle. In terms of the housing market, Valley Head offers diverse options ranging from historic homes to modern constructions. The market has seen steady growth in recent years, making it an attractive location for both first-time homebuyers and real estate investors looking for potential appreciation.
Benefits of Bridge Loans in Valley Head, Alabama
