Get Approved at The Lowest Rate
Navigating the process of buying a new home in Bremen, 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 Bremen, AL or getting it ready for the market.
Identify the new home you want to buy in Bremen, 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 Bremen, 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 Bremen, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bremen, 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 Bremen, 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 Bremen, 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 Bremen, 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 Bremen, 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!
Benefits: Bridge loans offer quick financing solutions, helping bridge the gap between buying a new property and selling an existing one. They provide flexibility, allowing homeowners to make strong offers on new homes and avoid contingent offers. Demographics: Bremen, Alabama, has a population of approximately 900 residents. The town boasts a tight-knit community with a mix of families and retirees. The area has a suburban feel with most residents owning their homes. Housing Market: Bremen's housing market is stable, with a median home value of $150,000. The market has shown steady growth over the past few years, making it an attractive location for homebuyers looking for affordable yet quality properties. Main Attractions: Bremen offers a serene environment with access to outdoor activities such as hiking and biking trails. The town is close to Smith Lake, known for its fishing and water activities. Residents also enjoy the annual Bremen Fest with local food and music.
Benefits of Bridge Loans in Bremen, Alabama
