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Navigating the process of buying a new home in Auburn University, 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 University, AL or getting it ready for the market.
Identify the new home you want to buy in Auburn University, 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 University, 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 University, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Auburn University, 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 University, 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 University, 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 University, 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 University, 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 residents and students in Auburn University a practical solution for financing their housing needs. These short-term loans can assist individuals in bridging the gap between the purchase of a new home and the sale of their current property. Demographically, Auburn is a vibrant city with a population that is predominantly young due to the university's presence. This creates a dynamic community filled with energy and diverse perspectives, making it an ideal place for students, young professionals, and families alike. The housing market in Auburn is buoyant, with a range of options available from historic homes to modern apartments. Bridge loans provide flexibility for buyers in a competitive market, enabling them to secure their dream home without worrying about delays in selling their existing property. Some main attractions in Auburn include the Jordan-Hare Stadium, home to the Auburn Tigers football team, the Jule Collins Smith Museum of Fine Art, and the beautiful Chewacla State Park, offering outdoor recreational activities for residents and visitors.
Benefits of Bridge Loans in Auburn University, Alabama
