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Navigating the process of buying a new home in Ashford, 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 Ashford, AL or getting it ready for the market.
Identify the new home you want to buy in Ashford, 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 Ashford, 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 Ashford, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ashford, 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 Ashford, 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 Ashford, 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 Ashford, 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 Ashford, 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 immediate funds: When buying a new home before selling the old one, bridge loans provide quick access to funds, avoiding delays in purchasing the desired property. Demographics of Ashford, Alabama: Ashford is a small town with a diverse population. According to recent data, the majority of residents are families with children, and the community is known for its friendly and welcoming atmosphere. Housing market in Ashford: The housing market in Ashford is stable, with a mix of historic homes and newer developments. The median home price is affordable, making it an attractive option for first-time homebuyers and those looking to invest in real estate. Main attractions in Ashford: Ashford is known for its picturesque parks, including the popular Houston County Farm Center and Park. The town also hosts various events like the Ashford Springfest, showcasing local vendors and entertainment, making it a vibrant community for residents and visitors alike.
Benefits of Bridge Loans in Ashford, Alabama
