Get Approved at The Lowest Rate
Navigating the process of buying a new home in Eastaboga, 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 Eastaboga, AL or getting it ready for the market.
Identify the new home you want to buy in Eastaboga, 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 Eastaboga, 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 Eastaboga, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Eastaboga, 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 Eastaboga, 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 Eastaboga, 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 Eastaboga, 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 Eastaboga, 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 Eastaboga, Alabama offer numerous advantages, providing individuals with quick access to funds for purchasing a new home before selling their current one. These loans bridge the financial gap, enabling buyers to secure their dream home without waiting for their existing property to sell. Demographically, Eastaboga is a diverse community with a mix of families, young professionals, and retirees. With a cost of living below the national average, the town attracts residents seeking affordable housing options and a peaceful lifestyle in a rural setting. The housing market in Eastaboga is thriving, characterized by a mix of historic homes and modern developments. Property values have been steadily rising, making it an attractive location for real estate investment and homeowners looking for appreciation potential. Eastaboga boasts several main attractions, including the Talladega Superspeedway, a renowned NASCAR track that hosts major races attracting visitors from across the country. Additionally, the area offers outdoor recreational opportunities such as hiking, fishing, and camping in picturesque natural surroundings.
Benefits of Bridge Loans in Eastaboga, Alabama
