Get Approved at The Lowest Rate
Navigating the process of buying a new home in Chatom, 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 Chatom, AL or getting it ready for the market.
Identify the new home you want to buy in Chatom, 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 Chatom, 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 Chatom, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Chatom, 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 Chatom, 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 Chatom, 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 Chatom, 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 Chatom, 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 quick access to funds for homeowners looking to purchase a new home before selling their current one. In Chatom, Alabama, these loans provide financial flexibility, allowing individuals to secure their dream home without the stress of waiting for their existing property to sell. Demographically, Chatom is a small, close-knit community with a population that values the charm of rural living. The town boasts a mix of young families and retirees, creating a diverse and welcoming neighborhood for potential homebuyers seeking a peaceful environment. In terms of the housing market, Chatom offers a range of affordable options for both first-time buyers and seasoned homeowners. The market is stable, with steady appreciation rates, making it an attractive location for investment. Bridge loans can help buyers capitalize on these opportunities. Main attractions in Chatom include the serene Chatom Community Park, perfect for outdoor activities and family gatherings. Additionally, the nearby fishing spots along the Tombigbee River attract outdoor enthusiasts, offering a relaxing escape from city life for residents of all ages.
The Benefits of Bridge Loans in Chatom, Alabama
