Get Approved at The Lowest Rate
Navigating the process of buying a new home in Cragford, 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 Cragford, AL or getting it ready for the market.
Identify the new home you want to buy in Cragford, 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 Cragford, 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 Cragford, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cragford, 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 Cragford, 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 Cragford, 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 Cragford, 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 Cragford, 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 a unique solution for those looking to purchase a new home before selling their current one. In Cragford, Alabama, this can be especially beneficial due to the competitive housing market. These loans provide temporary financing to bridge the gap between the purchase of a new home and the sale of the existing one, allowing homeowners to move quickly without having to wait for their home to sell. Demographics: Cragford, Alabama, is a small rural town with a population of approximately 350 residents. The community is tight-knit and family-oriented, offering a peaceful and quiet lifestyle away from the hustle and bustle of city living. With a mix of young families and retirees, Cragford provides a charming and welcoming environment for all. Housing Market: The housing market in Cragford is relatively stable with a mix of single-family homes and larger rural properties. The median home price is affordable compared to neighboring cities, making it an attractive option for first-time homebuyers and those looking to invest in a quieter lifestyle. Bridge loans can help buyers secure their dream home in this competitive market. Main Attractions: Cragford is known for its scenic landscapes and outdoor recreational activities. The Talladega National Forest is a short drive away, offering hiking, camping, and fishing opportunities. Lake Wedowee is also popular for boating and water sports. The town's local shops and restaurants provide a quaint charm that residents and visitors enjoy.
Benefits of Bridge Loans in Cragford, Alabama
