Get Approved at The Lowest Rate
Navigating the process of buying a new home in Five Points, 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 Five Points, AL or getting it ready for the market.
Identify the new home you want to buy in Five Points, 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 Five Points, 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 Five Points, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Five Points, 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 Five Points, 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 Five Points, 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 Five Points, 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 Five Points, 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 provide short-term financing that can help bridge the gap between the purchase of a new property and the sale of an existing one in Five Points, Alabama. These loans offer flexibility, speed, and convenience, allowing homeowners to secure funds quickly without disrupting their plans. Demographics: Five Points, Alabama, has a diverse population with a mix of families, young professionals, and retirees. The community is known for its welcoming atmosphere and strong sense of community spirit. The area boasts a rich heritage and a vibrant cultural scene. Housing Market: The housing market in Five Points, Alabama, is competitive yet offers diverse options ranging from historic homes to modern developments. With a growing demand for housing, property values are appreciating steadily, making it an attractive location for real estate investment. Main Attractions: Five Points, Alabama, is renowned for its picturesque landscapes, outdoor recreation opportunities, and charming downtown area. Residents and visitors alike enjoy exploring the local parks, hiking trails, and quaint shops and restaurants that add to the area's unique charm.
Bridge Loans in Five Points, Alabama
