Get Approved at The Lowest Rate
Navigating the process of buying a new home in Altoona, 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 Altoona, AL or getting it ready for the market.
Identify the new home you want to buy in Altoona, 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 Altoona, 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 Altoona, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Altoona, 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 Altoona, 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 Altoona, 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 Altoona, 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 Altoona, 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 a flexible financing option for homeowners in Altoona, Alabama, looking to buy a new home before selling their current one. These loans help bridge the gap between the sale of the existing property and the purchase of a new one, providing financial flexibility and enabling smoother transitions for homeowners. Altoona, Alabama, is a picturesque town with a population of approximately 933 residents. The community is known for its small-town charm, friendly neighborhoods, and strong sense of community. The town's demographics are characterized by a mix of families, young professionals, and retirees who value the area's peaceful surroundings. The housing market in Altoona offers a diverse range of properties, from quaint single-family homes to spacious residences with scenic views. The median home price in Altoona is affordable, making it an attractive option for first-time homebuyers and those looking to upgrade to a larger property. With the help of bridge loans, buyers can seize timely opportunities in this dynamic market. Altoona boasts several main attractions that showcase the town's unique character. From scenic parks and hiking trails to local events and festivals, there is always something to explore in Altoona. Residents enjoy a laid-back lifestyle enriched by the town's natural beauty and vibrant community spirit.
Benefits of Bridge Loans in Altoona, Alabama
