Get Approved at The Lowest Rate
Navigating the process of buying a new home in Gadsden, 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 Gadsden, AL or getting it ready for the market.
Identify the new home you want to buy in Gadsden, 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 Gadsden, 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 Gadsden, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Gadsden, 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 Gadsden, 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 Gadsden, 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 Gadsden, 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 Gadsden, 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 Gadsden, Alabama offer a convenient short-term financing solution for homebuyers looking to purchase a new home before selling their current one. This enables buyers to quickly secure their new dream home without being held back by the lengthy process of selling their existing property. Demographically, Gadsden is a diverse city in Etowah County, Alabama, with a population that includes a mix of various age groups and backgrounds. The city has a vibrant community spirit and a strong sense of local pride, making it an attractive place to call home for families, young professionals, and retirees alike. The housing market in Gadsden, Alabama, offers a range of options for buyers, including historic homes, modern developments, and scenic waterfront properties. With affordable prices compared to larger cities, Gadsden provides an opportunity for homebuyers to invest in real estate while enjoying a comfortable lifestyle in a charming Southern setting. Some of the main attractions in Gadsden include the Noccalula Falls Park, the Coosa River, and the Imagination Place Children's Museum. These attractions offer opportunities for outdoor activities, cultural experiences, and educational adventures, making Gadsden a dynamic and engaging place to live and explore.
Benefits of Bridge Loans in Gadsden, Alabama
