Get Approved at The Lowest Rate
Navigating the process of buying a new home in Gainestown, 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 Gainestown, AL or getting it ready for the market.
Identify the new home you want to buy in Gainestown, 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 Gainestown, 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 Gainestown, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Gainestown, 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 Gainestown, 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 Gainestown, 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 Gainestown, 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 Gainestown, 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 Gainestown, Alabama offer a valuable solution for homeowners looking to purchase a new home before selling their existing one. By providing temporary financing, bridge loans bridge the gap between the sale of the old property and the purchase of a new one, preventing homeowners from missing out on their dream home. Demographics: Gainestown, Alabama is a quaint town with a population of approximately 850 residents. The community is known for its friendly atmosphere, strong sense of community, and picturesque surroundings. Residents enjoy a peaceful and serene environment, making it a desirable place to live. Housing Market: The housing market in Gainestown, Alabama is vibrant, with a diverse range of properties available to suit different budgets and preferences. Bridge loans provide flexibility to buyers in this competitive market, enabling them to secure their new home quickly without the pressure of selling their current property first. Main Attractions: Gainestown, Alabama boasts a range of attractions, including scenic parks, historical sites, and charming local shops and restaurants. Residents and visitors can explore the natural beauty of the area, engage in outdoor activities, and immerse themselves in the town's rich history and culture.
Benefits of Bridge Loans in Gainestown, Alabama
