Get Approved at The Lowest Rate
Navigating the process of buying a new home in Burnwell, 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 Burnwell, AL or getting it ready for the market.
Identify the new home you want to buy in Burnwell, 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 Burnwell, 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 Burnwell, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Burnwell, 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 Burnwell, 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 Burnwell, 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 Burnwell, 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 Burnwell, 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 provide efficient short-term financing solutions for residents in Burnwell, Alabama, bridging the gap between the purchase of a new home and the sale of an existing one. This financial tool offers flexibility, enabling homeowners to secure their dream home without the stress of timing the sale of their current property. Demographically, Burnwell is a charming community in Walker County, with a population of approximately 600 residents. The town boasts a close-knit feel, a low crime rate, and a mix of families and retirees. Its peaceful environment appeals to those seeking a serene place to call home. The housing market in Burnwell is stable, with a mix of traditional single-family homes and modern amenities. The average home price is affordable, making it an attractive option for first-time buyers and those looking to invest in a growing market. Bridge loans can facilitate smooth transitions for buyers in this market. Main attractions in Burnwell include the scenic Bankhead National Forest, offering hiking trails and outdoor recreation, and the nearby Smith Lake, known for its fishing and boating opportunities. The town's historical sites, local shops, and community events provide a rich cultural experience for residents and visitors alike.
The Benefits of Bridge Loans in Burnwell, Alabama
