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Navigating the process of buying a new home in Delmar, 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 Delmar, AL or getting it ready for the market.
Identify the new home you want to buy in Delmar, 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 Delmar, 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 Delmar, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Delmar, 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 Delmar, 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 Delmar, 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 Delmar, 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 Delmar, 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 Delmar, Alabama offer borrowers the flexibility to purchase a new home before selling their current one. This can be advantageous in a competitive housing market where finding a new home quickly is essential. Delmar, Alabama, is a quaint town with a population of approximately 2,500 residents. The community is close-knit, offering a friendly atmosphere for families and individuals looking to settle down in a peaceful rural setting. The housing market in Delmar is currently stable, with a median home price of $150,000. Bridge loans provide an opportunity for buyers to secure their dream home without the stress of timing the sale of their existing property. Main attractions in Delmar include the picturesque Delmar Park, known for its scenic walking trails and playgrounds. Additionally, the town hosts annual events like the Delmar County Fair, drawing visitors from neighboring areas.
Benefits of Bridge Loans in Delmar, Alabama
