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Navigating the process of buying a new home in Ariton, 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 Ariton, AL or getting it ready for the market.
Identify the new home you want to buy in Ariton, 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 Ariton, 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 Ariton, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ariton, 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 Ariton, 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 Ariton, 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 Ariton, 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 Ariton, 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!
Benefits A bridge loan can provide quick financing for individuals looking to purchase a new home before selling their current one, allowing for smoother transitions. Demographics Ariton, Alabama, has a population of around 750 residents. The majority of the population consists of families and retirees attracted to the area's peaceful and welcoming community. Housing Market The housing market in Ariton offers a mix of affordable homes and properties with rural charm. With a median home value of $110,000, it's an attractive option for first-time homebuyers. Main Attractions Visitors and residents in Ariton can enjoy exploring the beautiful Claybank Jamboree Park, known for its scenic trails and picnic areas. Additionally, the annual Ariton Bluegrass Festival attracts music enthusiasts from across the state.
Benefits of Bridge Loans in Ariton, Alabama
