Get Approved at The Lowest Rate
Navigating the process of buying a new home in Alexander City, 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 Alexander City, AL or getting it ready for the market.
Identify the new home you want to buy in Alexander City, 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 Alexander City, 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 Alexander City, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Alexander City, 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 Alexander City, 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 Alexander City, 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 Alexander City, 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 Alexander City, 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 offer residents of Alexander City, Alabama, a convenient financing option when buying a new home before selling their current one. These short-term loans bridge the gap between the purchase of a new home and the sale of the existing property, providing financial flexibility and allowing homeowners to make timely real estate transactions. Demographically, Alexander City is a vibrant community in Tallapoosa County with a population of approximately 14,000 people. The city boasts a diverse population, including families, professionals, and retirees, creating a dynamic and inclusive environment for residents of all ages and backgrounds. The housing market in Alexander City is characterized by a mix of historic homes, modern developments, and picturesque waterfront properties along Lake Martin. The market offers a range of affordable housing options suitable for first-time buyers, growing families, and retirees, making it an attractive destination for homebuyers seeking quality housing in a scenic setting.
Benefits of Bridge Loans in Alexander City, Alabama
