Get Approved at The Lowest Rate
Navigating the process of buying a new home in Eclectic, 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 Eclectic, AL or getting it ready for the market.
Identify the new home you want to buy in Eclectic, 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 Eclectic, 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 Eclectic, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Eclectic, 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 Eclectic, 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 Eclectic, 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 Eclectic, 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 Eclectic, 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 residents in Eclectic, Alabama, a crucial financial tool to facilitate seamless property transactions. These short-term loans provide immediate funds for purchasing a new home before selling the current one, preventing missed opportunities in the competitive real estate market. Eclectic, Alabama, boasts a diverse population characterized by a blend of rural and suburban lifestyles. With a median household income above the national average, residents enjoy a comfortable standard of living, making the area an attractive destination for homebuyers seeking a close-knit community. The housing market in Eclectic, Alabama, shows promising growth, with a steady increase in property values and a variety of housing options to suit different preferences. Bridge loans play a vital role in this dynamic market by empowering buyers to secure their dream homes promptly, driving further development and investment in the region.
Benefits of Bridge Loans in Eclectic, Alabama
