Get Approved at The Lowest Rate
Navigating the process of buying a new home in Coaling, 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 Coaling, AL or getting it ready for the market.
Identify the new home you want to buy in Coaling, 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 Coaling, 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 Coaling, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Coaling, 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 Coaling, 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 Coaling, 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 Coaling, 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 Coaling, 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!
A bridge loan in Coaling, Alabama offers numerous advantages to homeowners and real estate investors. One key benefit is the quick access to funds, allowing individuals to seize timely investment opportunities without waiting for a traditional mortgage approval process. Demographics in Coaling, Alabama show a vibrant community with a mix of families and retirees. The town boasts a friendly atmosphere and a strong sense of community. The population is diverse, with residents from various cultural backgrounds. The housing market in Coaling, Alabama is characterized by steady growth and affordable prices compared to nearby urban areas. Home values have been appreciating, making it an attractive location for property investment or purchasing a family home. Bridge loans facilitate quick transactions in this competitive market. Coaling, Alabama, is known for its picturesque landscapes and outdoor recreational opportunities. Residents and visitors alike can enjoy hiking in the nearby parks, fishing in the serene lakes, and exploring the charming downtown area with its unique shops and restaurants.
The Benefits of Bridge Loans in Coaling, Alabama
