Get Approved at The Lowest Rate
Navigating the process of buying a new home in Bynum, 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 Bynum, AL or getting it ready for the market.
Identify the new home you want to buy in Bynum, 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 Bynum, 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 Bynum, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bynum, 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 Bynum, 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 Bynum, 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 Bynum, 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 Bynum, 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 Bynum, Alabama offer a convenient short-term financing solution for borrowers looking to purchase a new home while waiting for their existing property to sell. These loans provide flexibility and quick access to funds, allowing individuals to make competitive offers on new homes without being contingent on the sale of their current property. Demographics in Bynum, Alabama, showcase a close-knit community with a population that values small-town living. The area is known for its family-friendly atmosphere, excellent schools, and a low crime rate, making it an ideal location for both young families and retirees looking for a peaceful place to call home. The housing market in Bynum, Alabama, has been steady with moderate price appreciation over the past few years. With relatively affordable home prices compared to nearby metropolitan areas, Bynum offers a great opportunity for first-time homebuyers and investors looking to enter the market. The availability of bridge loans further enhances the accessibility of the housing market in Bynum. Main attractions in Bynum, Alabama, include the picturesque Talladega National Forest, which offers outdoor enthusiasts plenty of hiking, camping, and fishing opportunities. Additionally, the nearby Cheaha State Park boasts the highest point in Alabama and provides stunning views of the surrounding landscapes, making it a popular destination for visitors and locals alike.
Benefits of Bridge Loans in Bynum, Alabama
