Get Approved at The Lowest Rate
Navigating the process of buying a new home in Brewton, 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 Brewton, AL or getting it ready for the market.
Identify the new home you want to buy in Brewton, 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 Brewton, 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 Brewton, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Brewton, 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 Brewton, 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 Brewton, 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 Brewton, 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 Brewton, 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 Brewton, Alabama offer significant advantages to homebuyers. They provide short-term financing to bridge the gap between the purchase of a new home and the sale of a current home. This allows buyers to make competitive offers without being contingent on the sale of their existing property. Demographically, Brewton is a charming city in southern Alabama with a population of approximately 5,300 residents. The community boasts a mix of young professionals, families, and retirees, creating a diverse and welcoming atmosphere. In terms of the housing market, Brewton offers a range of affordable properties suitable for first-time homebuyers, families, and retirees. The market is stable, with a variety of housing options available, from historic homes to modern developments. When exploring Brewton, visitors can enjoy various attractions such as the historic Burnt Corn Creek Park, which offers scenic views and outdoor recreational activities. Additionally, the charming downtown area features local shops, restaurants, and cultural landmarks that showcase the city's rich history and vibrant community.
Benefits of Bridge Loans in Brewton, Alabama
