Get Approved at The Lowest Rate
Navigating the process of buying a new home in Albertville, 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 Albertville, AL or getting it ready for the market.
Identify the new home you want to buy in Albertville, 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 Albertville, 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 Albertville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Albertville, 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 Albertville, 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 Albertville, 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 Albertville, 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 Albertville, 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 Albertville offer numerous benefits to both buyers and sellers. They provide a flexible financing option that allows buyers to secure a new property before selling their current one. This can reduce the stress of moving and prevent the need for temporary housing. Sellers benefit from being able to close on a new home quickly, without waiting for their current property to sell. Albertville, a city in Marshall County, Alabama, has a population of approximately 21,000 residents. The area boasts a diverse demographic, with a median age of 33. The city has a strong community feel, with a mix of young professionals, families, and retirees calling it home. The housing market in Albertville is competitive, with a median home value of $140,000. The market has seen steady growth in recent years, making it an attractive location for both buyers and sellers. Bridge loans can offer a competitive advantage in this market, allowing buyers to act quickly on desirable properties. Main attractions in Albertville include the Albertville Museum, Jules J. Berta Vineyards, and the scenic Lake Guntersville State Park. The city also hosts the annual Main Street Music Festival, featuring live music and local vendors, attracting visitors from across the state.
Benefits of Bridge Loans in Albertville, Alabama
