Get Approved at The Lowest Rate
Navigating the process of buying a new home in Choccolocco, 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 Choccolocco, AL or getting it ready for the market.
Identify the new home you want to buy in Choccolocco, 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 Choccolocco, 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 Choccolocco, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Choccolocco, 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 Choccolocco, 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 Choccolocco, 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 Choccolocco, 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 Choccolocco, 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 Choccolocco, Alabama offer a convenient short-term financing solution for individuals looking to purchase a new home before selling their existing one. This can prevent delays, allowing for faster transactions and avoiding missed opportunities. Demographics Choccolocco, Alabama, has a diverse population with a mix of professionals, families, and retirees. The area is known for its strong community spirit and friendly atmosphere, making it an ideal place to settle down and raise a family. Housing Market The housing market in Choccolocco is stable, with a range of housing options available to cater to different needs and preferences. Bridge loans can enable buyers to secure their dream home quickly, taking advantage of the favorable market conditions. Main Attractions Choccolocco offers a variety of attractions, including beautiful parks, historical sites, and outdoor recreational areas. Residents can enjoy hiking, fishing, and exploring the natural beauty of the region, making it a fantastic place to live and work.
Benefits of Bridge Loans in Choccolocco, Alabama
