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Navigating the process of buying a new home in York, 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 York, AL or getting it ready for the market.
Identify the new home you want to buy in York, 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 York, 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 York, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in York, 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 York, 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 York, 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 York, 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 York, 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 quick financing solutions for purchasing a new property before selling an existing one. They provide flexibility and expedite the buying process, giving borrowers the ability to secure their dream home without waiting for their current property to sell. Demographics: York, Alabama, is a picturesque town with a population of approximately 2,500 residents. The town boasts a close-knit community with a mix of young families and retirees, creating a friendly and welcoming atmosphere for all. Housing Market: The housing market in York, Alabama, is thriving, with a range of affordable properties available for buyers. The town offers a combination of historic homes and new developments, catering to various preferences and budgets. Main Attractions: York, Alabama, is known for its scenic beauty, with attractions like the Cahaba River and Paul B. Krebs Lake offering outdoor recreational opportunities. The town also has a rich history, with landmarks like the York Historic District attracting visitors interested in its heritage.
Bridge Loans in York, Alabama
