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Navigating the process of buying a new home in Boaz, 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 Boaz, AL or getting it ready for the market.
Identify the new home you want to buy in Boaz, 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 Boaz, 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 Boaz, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Boaz, 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 Boaz, 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 Boaz, 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 Boaz, 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 Boaz, 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 Boaz, Alabama offer several benefits to homeowners. These short-term loans help bridge the gap between buying a new home and selling your current one. They provide quick access to funds, allowing you to secure a new property without having to wait for your old home to sell. Demographics: Boaz, Alabama, has a diverse population with a mix of families, young professionals, and retirees. The city offers a tight-knit community feel with access to good schools and local amenities. Housing Market: Boaz's housing market is stable, with a good mix of single-family homes and apartments. The city offers affordable housing options, making it an attractive location for first-time buyers and those looking to upgrade. Main Attractions: Boaz boasts attractions such as the Boaz Golf Club, Snead State Community College, and the annual Boaz Harvest Festival. The city's proximity to natural attractions like Lake Guntersville State Park also makes it a desirable place to live.
Benefits of Bridge Loans in Boaz, Alabama
