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Navigating the process of buying a new home in Alabaster, 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 Alabaster, AL or getting it ready for the market.
Identify the new home you want to buy in Alabaster, 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 Alabaster, 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 Alabaster, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Alabaster, 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 Alabaster, 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 Alabaster, 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 Alabaster, 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 Alabaster, 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 Alabaster, Alabama offer numerous benefits to both homebuyers and sellers. These short-term loans provide the flexibility to secure a new home before selling your current property, ensuring a smooth transition without the need to rush the selling process or compromise on purchase decisions. Demographically, Alabaster is a vibrant city in Shelby County, Alabama, with a diverse population that includes families, young professionals, and retirees. The city boasts a strong economy, excellent schools, and a thriving community that makes it an attractive destination for homebuyers looking to settle in a welcoming environment. The housing market in Alabaster is characterized by a mix of modern developments and charming historic neighborhoods. With a range of housing options available, from single-family homes to townhouses and apartments, the market caters to various preferences and budgets, making it accessible to a wide range of buyers. Alabaster offers a variety of attractions, including the popular Veterans Park, Buck Creek Park, and shopping destinations like the Colonial Promenade Alabaster. Residents can enjoy outdoor activities, community events, and easy access to amenities, making it a desirable place to live for individuals and families alike.
Benefits of Bridge Loans in Alabaster, Alabama
