Get Approved at The Lowest Rate
Navigating the process of buying a new home in Chapman, 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 Chapman, AL or getting it ready for the market.
Identify the new home you want to buy in Chapman, 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 Chapman, 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 Chapman, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Chapman, 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 Chapman, 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 Chapman, 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 Chapman, 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 Chapman, 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 Chapman, Alabama offer numerous benefits for 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 individuals to secure funds quickly without having to wait for their existing home to sell. Additionally, bridge loans offer flexible repayment options and competitive interest rates, making them an attractive financing option for those looking to buy a new home. Chapman, Alabama, is a small town with a population of approximately 1,200 residents. The town has a close-knit community and a low crime rate, making it an ideal place to raise a family. With a median household income above the national average, Chapman offers a comfortable living environment for its residents. The housing market in Chapman, Alabama, is characterized by affordable home prices and a stable real estate market. The town offers a mix of single-family homes, townhouses, and apartments, catering to a diverse range of homebuyers. The housing market in Chapman is competitive, with homes selling quickly due to high demand and limited inventory. Chapman, Alabama, boasts several main attractions that draw visitors and residents alike. The town is home to picturesque parks, quaint local shops, and charming restaurants. Outdoor enthusiasts can enjoy hiking, fishing, and boating opportunities in the surrounding area, while history buffs can explore the town's rich cultural heritage through its museums and historic sites.
Bridge Loans in Chapman, Alabama
