Get Approved at The Lowest Rate
Navigating the process of buying a new home in Blountsville, 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 Blountsville, AL or getting it ready for the market.
Identify the new home you want to buy in Blountsville, 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 Blountsville, 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 Blountsville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Blountsville, 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 Blountsville, 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 Blountsville, 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 Blountsville, 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 Blountsville, 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 Blountsville, Alabama provide a valuable financing option for individuals looking to purchase a new home before selling their current one. They offer a short-term solution that can bridge the gap between buying a new property and selling the existing one, avoiding the stress of timing the transactions perfectly. Blountsville, Alabama, is a charming town with a population of approximately 1,700 residents. The demographic makeup is predominantly white, with a median age of 39. The town offers a peaceful and close-knit community environment, making it an ideal place to raise a family or retire. The housing market in Blountsville is attractive, with a mix of historic homes and modern properties. The median home value is $150,000, making it an affordable option for homebuyers. Bridge loans can help buyers secure their dream home in this competitive market while ensuring a smooth transition between properties. Blountsville is known for its scenic beauty, outdoor recreational opportunities, and historic sites. The town is close to natural attractions like the Mulberry Fork River and the Rickwood Caverns State Park, making it a paradise for nature lovers. Additionally, the town hosts various community events, farmers markets, and festivals throughout the year, providing residents with a vibrant social life.
The Benefits of Bridge Loans in Blountsville, Alabama
