Get Approved at The Lowest Rate
Navigating the process of buying a new home in De Armanville, 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 De Armanville, AL or getting it ready for the market.
Identify the new home you want to buy in De Armanville, 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 De Armanville, 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 De Armanville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in De Armanville, 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 De Armanville, 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 De Armanville, 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 De Armanville, 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 De Armanville, 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!
Benefits of Bridge Loans: Bridge loans provide quick access to funds for a down payment on a new home before selling the existing one, enabling buyers to close deals faster. Demographics: De Armanville, Alabama, is a small community with a population of approximately 1,200 residents. The median household income is $57,000, and the average home value is $150,000. Housing Market: The housing market in De Armanville is stable, with a mix of single-family homes and rural properties. The average days on market is 60 days, and the market is currently favoring buyers. Main Attractions: De Armanville offers a peaceful rural setting with easy access to Talladega National Forest for outdoor enthusiasts. Nearby attractions include Cheaha State Park and the Talladega Superspeedway.
Benefits of Bridge Loans in De Armanville, Alabama
