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Navigating the process of buying a new home in Epes, 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 Epes, AL or getting it ready for the market.
Identify the new home you want to buy in Epes, 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 Epes, 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 Epes, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Epes, 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 Epes, 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 Epes, 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 Epes, 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 Epes, 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 Epes, Alabama provide a convenient financing option for home buyers who need to close quickly on a new home purchase before selling their existing property. This type of loan offers flexibility and helps avoid the stress of timing the sale of one property with the purchase of another. Demographics: Epes, Alabama, with a population of approximately 200 residents, offers a close-knit community with a mix of rural charm and Southern hospitality. The town boasts a diverse demographic makeup, including a blend of families, retirees, and young professionals. Housing Market: Epes's housing market features a range of options, from historic homes to newer developments. The median home price is affordable, making it an attractive destination for first-time buyers and those looking for a peaceful retreat in the scenic countryside. Main Attractions: Epes is known for its picturesque landscapes, outdoor recreational opportunities, and rich history. Visitors and residents alike can enjoy activities such as fishing on the Tombigbee River, exploring local parks, and discovering the town's historic sites.
Benefits of Bridge Loans in Epes, Alabama
