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Navigating the process of buying a new home in Athens, 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 Athens, AL or getting it ready for the market.
Identify the new home you want to buy in Athens, 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 Athens, 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 Athens, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Athens, 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 Athens, 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 Athens, 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 Athens, 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 Athens, 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 of Bridge Loans: Bridge loans offer quick financing solutions to bridge the gap between the purchase of a new property and the sale of an existing one. They provide flexibility, allowing homeowners to secure funds for a down payment without being contingent on the sale of their current home. Demographics: Athens, Alabama, is a charming city with a diverse population. The residents of Athens are predominantly middle-class families and professionals, creating a tight-knit community with a strong sense of unity and pride in their city. Housing Market: The housing market in Athens, Alabama, is vibrant and steadily growing. The city offers a mix of historic homes, modern developments, and beautiful rural properties. The demand for housing in Athens is strong, making it an attractive location for real estate investments. Main Attractions: Athens boasts a rich historical heritage, with attractions such as the historic Athens State University, the Alabama Veterans Museum, and the picturesque Big Spring Park. Additionally, outdoor enthusiasts can enjoy the scenic trails at the North Alabama Birding Trail and the tranquility of the Wheeler National Wildlife Refuge.
Bridge Loans in Athens, Alabama
