Get Approved at The Lowest Rate
Navigating the process of buying a new home in Bellwood, 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 Bellwood, AL or getting it ready for the market.
Identify the new home you want to buy in Bellwood, 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 Bellwood, 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 Bellwood, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bellwood, 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 Bellwood, 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 Bellwood, 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 Bellwood, 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 Bellwood, 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 Bellwood, Alabama offer a flexible financing option for homeowners who are looking to purchase a new home before selling their existing one. These loans provide short-term funding to bridge the gap between the purchase of a new property and the sale of the current one, allowing homeowners to move quickly without being tied down by the lengthy process of selling a home. Bellwood, Alabama, a quaint town with a population of approximately 2,500 residents, boasts a tight-knit community and a peaceful atmosphere. The town's demographic makeup consists mainly of families and retirees, creating a welcoming environment for individuals looking to settle down and enjoy a slower pace of life. The housing market in Bellwood, Alabama, offers a mix of affordable single-family homes, charming estates, and spacious properties. With a median home price below the national average, Bellwood presents a great opportunity for first-time buyers and those looking to invest in real estate. Some of the main attractions in Bellwood include the picturesque Bellwood Lake, ideal for fishing and boating enthusiasts, as well as the historic downtown area filled with local shops and restaurants. Additionally, residents can enjoy outdoor activities in the nearby parks and nature reserves, making Bellwood a perfect blend of small-town charm and natural beauty.
Benefits of Bridge Loans in Bellwood, Alabama
