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Navigating the process of buying a new home in Vance, 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 Vance, AL or getting it ready for the market.
Identify the new home you want to buy in Vance, 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 Vance, 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 Vance, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Vance, 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 Vance, 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 Vance, 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 Vance, 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 Vance, 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 Vance, Alabama offer a convenient financing option for homeowners looking to purchase a new property before selling their current one. These loans provide short-term funding to bridge the gap between the purchase of a new home and the sale of an existing one. One of the main benefits of bridge loans is the quick access to funds, allowing individuals to secure their new property without waiting for their current home to sell. Demographics: Vance, Alabama, is a small town with a population of approximately 2,000 residents. The community boasts a mix of young professionals, families, and retirees, creating a diverse and welcoming environment. The town is known for its strong sense of community and friendly atmosphere, making it an ideal place to call home. Housing Market: The housing market in Vance, Alabama, is stable with a variety of single-family homes and spacious properties available. The median home price is affordable compared to nearby urban areas, making it an attractive option for first-time buyers and families. With the help of bridge loans, individuals can take advantage of the favorable market conditions and secure their dream home in Vance. Main Attractions: Vance, Alabama, offers a range of attractions for residents and visitors to enjoy. From outdoor activities like hiking and fishing in the nearby national parks to exploring local shops and restaurants in the town center, there is something for everyone to experience. The town's close-knit community and charming southern hospitality add to its appeal as a desirable place to live.
Benefits of Bridge Loans in Vance, Alabama
