Get Approved at The Lowest Rate
Navigating the process of buying a new home in Excel, 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 Excel, AL or getting it ready for the market.
Identify the new home you want to buy in Excel, 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 Excel, 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 Excel, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Excel, 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 Excel, 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 Excel, 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 Excel, 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 Excel, 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!
Benefits of Bridge Loans: Bridge loans offer financial flexibility for homebuyers allowing them to purchase a new home before selling their current one. They provide short-term financing that can cover down payments, closing costs, and temporary housing expenses. Bridge loans can be a useful tool in competitive real estate markets, giving buyers an advantage in securing their dream home. Demographics: Excel, Alabama, is a small town with a tight-knit community and a population that values a peaceful and family-friendly environment. The town has a mix of residents of different ages and backgrounds, creating a diverse and welcoming atmosphere. Residents of Excel enjoy a slower pace of life and a strong sense of community spirit. Housing Market: The housing market in Excel, Alabama, offers a range of options from quaint single-family homes to spacious rural properties. Prices in the area are relatively affordable compared to nearby cities, making it an attractive location for first-time buyers and families. The market is stable with a steady demand for housing, making it a good investment opportunity for those looking to settle down in a charming Southern town. Main Attractions: Excel is known for its picturesque natural surroundings, offering outdoor enthusiasts plenty of opportunities for hiking, fishing, and other recreational activities. The town also hosts local events and festivals that bring the community together and showcase the area's rich cultural heritage. With its friendly residents and beautiful landscapes, Excel is a place where residents can truly feel at home.
Bridge Loans in Excel, Alabama
