Get Approved at The Lowest Rate
Navigating the process of buying a new home in Bon Air, 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 Bon Air, AL or getting it ready for the market.
Identify the new home you want to buy in Bon Air, 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 Bon Air, 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 Bon Air, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bon Air, 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 Bon Air, 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 Bon Air, 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 Bon Air, 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 Bon Air, 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 offer a short-term financing solution for individuals looking to purchase a new property before selling their existing one. In Bon Air, Alabama, these loans provide homebuyers with the flexibility to secure their dream home without being constrained by the sale of their current property. Demographics Bon Air, Alabama, boasts a diverse population with a mix of families, young professionals, and retirees. The town has a strong sense of community, with residents enjoying the small-town charm and peaceful atmosphere. The area is known for its excellent schools, making it an ideal location for families looking to settle down. Housing Market The housing market in Bon Air, Alabama, is thriving, with a range of affordable and luxury properties available. Bridge loans provide homebuyers with the financial flexibility to take advantage of the competitive market and secure their desired property quickly. With a growing demand for housing in the area, investing in Bon Air real estate is a promising venture. Main Attractions Bon Air offers a variety of recreational activities for residents and visitors alike. From exploring the picturesque hiking trails at Oak Mountain State Park to enjoying the local eateries and shops in the downtown area, there is something for everyone to enjoy in this charming town. The vibrant community events and festivals further add to the town's appeal.
The Benefits of Bridge Loans in Bon Air, Alabama
