Get Approved at The Lowest Rate
Navigating the process of buying a new home in Anderson, 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 Anderson, AL or getting it ready for the market.
Identify the new home you want to buy in Anderson, 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 Anderson, 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 Anderson, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Anderson, 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 Anderson, 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 Anderson, 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 Anderson, 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 Anderson, 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 Anderson, Alabama offer numerous benefits for borrowers. These short-term loans provide quick access to funds to secure a new property before selling an existing one, allowing for a smoother transition between homes without the need for a contingency offer. Demographics Anderson, Alabama, a small town with a population of around 2,500 residents, boasts a close-knit community atmosphere. The town is characterized by its friendly neighborhoods, low crime rates, and excellent schools, making it an ideal place for families and individuals looking for a peaceful environment. The housing market in Anderson, Alabama, offers a mix of cozy single-family homes and modern townhouses, catering to a diverse range of preferences. The town's real estate market is stable, with steady appreciation rates and affordable pricing compared to neighboring areas, making it an attractive option for homebuyers. Anderson is renowned for its scenic beauty, with abundant outdoor recreational opportunities such as hiking, fishing, and camping. The town also features charming local shops, restaurants serving delicious southern cuisine, and cultural attractions that celebrate its rich history, offering residents a high quality of life.
Benefits of Bridge Loans in Anderson, Alabama
Housing Market
Main Attractions
