Get Approved at The Lowest Rate
Navigating the process of buying a new home in Deer Park, 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 Deer Park, AL or getting it ready for the market.
Identify the new home you want to buy in Deer Park, 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 Deer Park, 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 Deer Park, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Deer Park, 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 Deer Park, 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 Deer Park, 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 Deer Park, 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 Deer Park, 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 quick financing solutions for homeowners in Deer Park, Alabama. These short-term loans can help bridge the gap between the purchase of a new home and the sale of an existing one, providing financial flexibility and ensuring a smoother transition. Demographics in Deer Park, Alabama, show a predominantly suburban community with a mix of families and retirees. The area boasts a strong sense of community, low crime rates, and proximity to essential amenities such as schools, parks, and shopping centers. The housing market in Deer Park is characterized by a stable demand for single-family homes, with moderate appreciation rates. Bridge loans can empower buyers to act quickly in this competitive market, giving them an edge over other potential buyers. Deer Park, Alabama, offers a range of attractions, including scenic parks, hiking trails, and cultural events. Residents can enjoy the natural beauty of the surroundings while still being close to urban centers for work or entertainment.
Benefits of Bridge Loans in Deer Park, Alabama
