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Navigating the process of buying a new home in Anniston, 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 Anniston, AL or getting it ready for the market.
Identify the new home you want to buy in Anniston, 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 Anniston, 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 Anniston, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Anniston, 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 Anniston, 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 Anniston, 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 Anniston, 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 Anniston, 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 Anniston, Alabama offer a short-term financing solution to bridge the gap between the purchase of a new home and the sale of a current property. They provide flexibility and ease the financial burden of buying a new home before selling the existing one. Demographics in Anniston show a diverse community with a population that appreciates the mix of city amenities and a small-town feel. The city attracts a range of age groups and offers a welcoming environment for families, professionals, and retirees. The housing market in Anniston is dynamic, with a mix of historic homes, modern developments, and rental properties. The market offers a variety of options to suit different preferences and budgets, making it an attractive location for potential buyers and investors. Main attractions in Anniston include the Berman Museum of World History, the Longleaf Botanical Gardens, and the Anniston Museum of Natural History. These attractions showcase the rich cultural and natural heritage of the area, offering residents and visitors engaging experiences.
Benefits of Bridge Loans in Anniston, Alabama
