Get Approved at The Lowest Rate
Navigating the process of buying a new home in Brookside, 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 Brookside, AL or getting it ready for the market.
Identify the new home you want to buy in Brookside, 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 Brookside, 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 Brookside, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Brookside, 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 Brookside, 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 Brookside, 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 Brookside, 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 Brookside, 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 flexible financing solution for individuals looking to purchase a new home before selling their existing one. In Brookside, Alabama, this type of loan can be particularly advantageous due to the competitive real estate market. With a bridge loan, homebuyers can secure their new property quickly, giving them an edge in a fast-moving market. Brookside, Alabama, is a small town with a population of approximately 1,363 residents. The community is known for its friendly atmosphere and tight-knit feel. The town boasts a diverse demographic, with a mix of families, professionals, and retirees calling it home. The housing market in Brookside is characterized by a range of properties, from historic homes to modern developments. The median home price in the area is $89,500, making it an affordable option for first-time buyers and those looking to invest in real estate. Bridge loans can help potential buyers secure properties in this growing market. While Brookside may be small, it offers a variety of attractions for residents and visitors alike. The town is home to several parks, hiking trails, and recreational facilities, making it a great place for outdoor enthusiasts. Additionally, Brookside is located close to Birmingham, providing easy access to the city's amenities and cultural offerings.
Benefits of Bridge Loans in Brookside, Alabama
