Get Approved at The Lowest Rate
Navigating the process of buying a new home in Birmingham, 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 Birmingham, AL or getting it ready for the market.
Identify the new home you want to buy in Birmingham, 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 Birmingham, 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 Birmingham, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Birmingham, 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 Birmingham, 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 Birmingham, 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 Birmingham, 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 Birmingham, 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 Birmingham, Alabama offer a convenient short-term financing solution for individuals who are looking to purchase a new home before selling their current one. These loans provide quick access to funds, allowing borrowers to secure their new property without the delay of waiting for their existing home to sell. Demographically, Birmingham, Alabama is a vibrant city with a diverse population. Known for its rich history, cultural diversity, and southern charm, Birmingham offers a welcoming environment for residents of all backgrounds. The city's affordable cost of living and strong job market make it an attractive location for individuals and families looking to settle down. The housing market in Birmingham is on the rise, with steady appreciation in property values and a healthy inventory of homes for sale. Bridge loans play a crucial role in this market by providing buyers with the flexibility to make competitive offers and secure desirable properties quickly. With historically low interest rates, now is an ideal time to take advantage of the opportunities in Birmingham's real estate market. Some main attractions in Birmingham include the Birmingham Zoo, the Birmingham Civil Rights Institute, and the Barber Vintage Motorsports Museum. The city is also home to a thriving culinary scene, with a wide variety of restaurants, cafes, and bars to suit every palate. Whether you're a history buff, a nature lover, or a foodie, Birmingham has something to offer everyone.
The Benefits of Bridge Loans in Birmingham, Alabama
