Get Approved at The Lowest Rate
Navigating the process of buying a new home in Chunchula, 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 Chunchula, AL or getting it ready for the market.
Identify the new home you want to buy in Chunchula, 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 Chunchula, 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 Chunchula, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Chunchula, 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 Chunchula, 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 Chunchula, 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 Chunchula, 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 Chunchula, 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 Chunchula, Alabama offer numerous benefits to homeowners and buyers. These short-term loans provide the flexibility to purchase a new property before selling an existing one. This can be advantageous in a competitive market where quick action is necessary to secure a new home. Chunchula, Alabama, located in Mobile County, has a population of around 2100 residents. The town boasts a close-knit community with a suburban feel, making it an attractive place to live for families and individuals seeking a peaceful environment. The housing market in Chunchula offers a mix of single-family homes and spacious properties with large lots. The median home price is affordable compared to neighboring areas, making it an ideal location for first-time homebuyers or those looking to upgrade to a larger residence. Chunchula is known for its natural beauty and outdoor recreational opportunities. Residents and visitors can enjoy activities such as hiking, fishing, and picnicking at destinations like Saraland Park and the Chickasabogue Park Alabama.
Benefits of Bridge Loans in Chunchula, Alabama
