Get Approved at The Lowest Rate
Navigating the process of buying a new home in Gardendale, 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 Gardendale, AL or getting it ready for the market.
Identify the new home you want to buy in Gardendale, 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 Gardendale, 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 Gardendale, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Gardendale, 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 Gardendale, 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 Gardendale, 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 Gardendale, 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 Gardendale, 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 Gardendale, Alabama offer quick access to funds for homeowners transitioning between properties. These loans bridge the gap between the sale of a current home and the purchase of a new one, providing financial flexibility and ensuring a smooth transition without the need to wait for a traditional mortgage approval. Demographically, Gardendale, Alabama, is a vibrant community with a population that values growth and economic prosperity. The city boasts a diverse population, with a mix of young families, professionals, and retirees, creating a dynamic and inclusive environment for residents. In terms of the housing market, Gardendale, Alabama, offers a range of housing options from single-family homes to modern apartments, catering to various preferences and budgets. The city's real estate market is stable, with steady appreciation rates, making it an attractive location for both homeowners and investors. Some main attractions in Gardendale include the Gardendale Historical Society, which preserves the city's rich history, as well as the Gardendale Urban Loop Trail, a popular spot for outdoor activities and leisure. Additionally, residents can enjoy shopping and dining at the Colonial Promenade Gardendale, a bustling retail hub in the heart of the city.
Benefits of Bridge Loans in Gardendale, Alabama
