Get Approved at The Lowest Rate
Navigating the process of buying a new home in Eutaw, 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 Eutaw, AL or getting it ready for the market.
Identify the new home you want to buy in Eutaw, 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 Eutaw, 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 Eutaw, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Eutaw, 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 Eutaw, 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 Eutaw, 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 Eutaw, 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 Eutaw, 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 numerous benefits for residents in Eutaw, Alabama. They provide quick access to funds for purchasing a new home before selling an existing property. This can be crucial in a competitive housing market, allowing homeowners to secure their dream home without delays. Bridge loans also offer flexible repayment terms, making them a convenient option for those in transition. Demographically, Eutaw has a population of approximately 3,000 residents, with a mix of age groups represented. The town has a rich cultural heritage and a strong sense of community. The cost of living in Eutaw is lower than the national average, making it an attractive option for those looking to invest in property. The housing market in Eutaw offers a range of opportunities for both buyers and sellers. The average home price is affordable, making it an ideal location for first-time homebuyers and investors. With the help of bridge loans, residents can take advantage of favorable market conditions and secure property that meets their needs. Eutaw boasts several main attractions, including the historic Greene County Courthouse, the Eutaw Railroad Depot, and the picturesque Foscue Park. These landmarks offer residents and visitors a glimpse into the town's past while providing recreational and cultural activities for all to enjoy.
Benefits of Bridge Loans in Eutaw, Alabama
