Get Approved at The Lowest Rate
Navigating the process of buying a new home in Empire, 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 Empire, AL or getting it ready for the market.
Identify the new home you want to buy in Empire, 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 Empire, 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 Empire, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Empire, 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 Empire, 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 Empire, 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 Empire, 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 Empire, 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 Empire, Alabama offer a valuable solution for residents looking to bridge the gap between buying a new home while waiting for their old one to sell. One of the primary benefits is the ability to secure financing quickly, allowing for a smoother transition during the moving process. Demographically, Empire, Alabama, is a quaint town with a population that thrives on community values. With a mix of young families and retirees, the town offers a close-knit environment where neighbors look out for one another, making it an ideal place to raise a family or enjoy a peaceful retirement. The housing market in Empire, Alabama, presents opportunities for both buyers and sellers. Bridge loans can help buyers seize the moment in this competitive market by providing the necessary funds to make a competitive offer. For sellers, bridge loans can alleviate the stress of carrying two mortgages, facilitating a quicker sale. Some of the main attractions in Empire, Alabama, include the picturesque Lake Catoma, perfect for fishing and boating enthusiasts. The town also boasts a historic downtown area with charming shops and restaurants, as well as easy access to outdoor activities such as hiking and camping in the nearby national parks.
Benefits of Bridge Loans in Empire, Alabama
