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Navigating the process of buying a new home in Bankston, 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 Bankston, AL or getting it ready for the market.
Identify the new home you want to buy in Bankston, 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 Bankston, 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 Bankston, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bankston, 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 Bankston, 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 Bankston, 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 Bankston, 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 Bankston, 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 Bridge loans in Bankston, Alabama offer flexibility to borrowers by providing short-term financing to bridge the gap between the purchase of a new property and the sale of an existing one. This helps in avoiding a contingent offer and allows for a quick purchase. Demographics Bankston, Alabama has a population of approximately 2000 residents. The town is known for its tight-knit community and friendly atmosphere, making it an ideal place for families and individuals looking for a peaceful environment. Housing Market The housing market in Bankston is stable with a mix of single-family homes and small apartment buildings. The median home price is around $150,000, making it an affordable option for first-time homebuyers and those looking to invest in property. Main Attractions Bankston is surrounded by scenic natural beauty, with parks, hiking trails, and fishing spots for outdoor enthusiasts. The town also boasts a vibrant downtown area with unique shops, restaurants, and local events that showcase the community's charm.
Benefits of Bridge Loans in Bankston, Alabama
