Get Approved at The Lowest Rate
Navigating the process of buying a new home in Calera, 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 Calera, AL or getting it ready for the market.
Identify the new home you want to buy in Calera, 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 Calera, 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 Calera, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Calera, 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 Calera, 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 Calera, 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 Calera, 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 Calera, 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 Calera, Alabama offer numerous benefits for homebuyers. They provide a short-term financing option to bridge the gap between the purchase of a new home and the sale of an existing one. This can help buyers secure their new property quickly without having to wait for their old home to sell. Calera, Alabama, is a charming city with a diverse population. The median age in Calera is 31.7 years, making it an attractive location for young professionals and families. The city boasts a variety of recreational facilities, parks, and community events, creating a vibrant and welcoming atmosphere. The housing market in Calera, Alabama, is robust and offers a range of options for homebuyers. With a relatively affordable median home price compared to the state average, Calera presents opportunities for first-time buyers and those looking to invest in real estate. The market is competitive, but with the right strategy, buyers can find their dream home in this thriving city. Calera is home to several main attractions that add to its appeal. The Heart of Dixie Railroad Museum, the Shelby County Arts Council, and the picturesque Timberline Golf Club are just a few examples of the cultural and recreational opportunities available in the area. Additionally, the city's proximity to Birmingham provides easy access to a diverse range of amenities and entertainment options.
The Benefits of Bridge Loans in Calera, Alabama
