Get Approved at The Lowest Rate
Navigating the process of buying a new home in Ashland, 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 Ashland, AL or getting it ready for the market.
Identify the new home you want to buy in Ashland, 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 Ashland, 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 Ashland, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ashland, 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 Ashland, 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 Ashland, 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 Ashland, 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 Ashland, 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 unique financing solution for homeowners in Ashland, Alabama, providing short-term funds for purchasing a new home before selling their existing one. This flexibility allows for a smooth transition without the stress of timing constraints or contingent offers, making it an attractive option for those looking to relocate quickly. Ashland, Alabama, is a charming town with a population of approximately 2,000 residents. The community boasts a diverse demographic mix, with a median age of 41 years old. Residents enjoy a peaceful small-town atmosphere, ideal for families, retirees, and young professionals alike. The housing market in Ashland is dynamic, with a mix of historic homes and modern developments. The median home value is around $120,000, making it an affordable option for first-time buyers. Bridge loans can help facilitate the purchase of these homes, providing an invaluable financial tool for those looking to invest in the local real estate market. Despite its small size, Ashland offers a variety of attractions for residents and visitors. From scenic outdoor areas like Clay County Park to cultural sites such as the John Richmond Homestead Museum, there is something for everyone to enjoy in this quaint Alabama town.
Bridge Loans Benefits in Ashland, Alabama
