Get Approved at The Lowest Rate
Navigating the process of buying a new home in Cowarts, 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 Cowarts, AL or getting it ready for the market.
Identify the new home you want to buy in Cowarts, 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 Cowarts, 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 Cowarts, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cowarts, 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 Cowarts, 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 Cowarts, 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 Cowarts, 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 Cowarts, 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 Cowarts, Alabama offer borrowers flexibility and convenience by providing short-term financing to bridge the gap between the purchase of a new property and the sale of an existing one. These loans can help individuals seize opportunities quickly without being contingent on selling their current home first. Demographics in Cowarts, Alabama reveal a small, tight-knit community with a population that values rural living. The area boasts a mix of young families and retirees, creating a diverse and welcoming environment for residents. The local economy is primarily driven by agriculture and small businesses, fostering a sense of community and support among locals. The housing market in Cowarts, Alabama is stable with a trend of steady growth in property values. Bridge loans play a vital role in this market by facilitating seamless transitions for homeowners looking to upgrade or relocate. With affordable housing options and a strong sense of community, Cowarts appeals to those seeking a peaceful yet connected lifestyle. Main attractions in Cowarts, Alabama include its proximity to natural wonders such as the Chattahoochee River and nearby parks where residents can enjoy outdoor activities. Additionally, the town hosts local events and festivals that bring the community together, fostering a strong sense of belonging and camaraderie among its residents.
Benefits of Bridge Loans in Cowarts, Alabama
