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Navigating the process of buying a new home in Auburn, 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 Auburn, AL or getting it ready for the market.
Identify the new home you want to buy in Auburn, 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 Auburn, 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 Auburn, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Auburn, 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 Auburn, 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 Auburn, 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 Auburn, 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 Auburn, 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 Auburn, Alabama offer numerous benefits to homeowners and real estate investors. They provide a short-term financing solution to bridge the gap between the purchase of a new property and the sale of an existing one. This allows individuals to secure a new home without being contingent on selling their current property first. Demographically, Auburn is a diverse and thriving community in Alabama. Known for its rich college town culture thanks to Auburn University, the city attracts a young population and offers a blend of urban amenities and natural beauty. The region boasts a strong local economy with a growing job market, making it an attractive location for real estate investment. In terms of the housing market, Auburn presents a stable and growing environment for property buyers. The real estate market in Auburn has shown consistent appreciation in home values over recent years, making it a financially rewarding investment opportunity. The city offers a range of housing options, from historic homes to modern developments, catering to various preferences. Some of the main attractions in Auburn include the Jordan-Hare Stadium, the Jule Collins Smith Museum of Fine Art, and the beautiful Chewacla State Park. These attractions contribute to the vibrant lifestyle in Auburn and make it a desirable place to live and visit.
Benefits of Bridge Loans in Auburn, Alabama
