Get Approved at The Lowest Rate
Navigating the process of buying a new home in Glen Allen, 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 Glen Allen, AL or getting it ready for the market.
Identify the new home you want to buy in Glen Allen, 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 Glen Allen, 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 Glen Allen, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Glen Allen, 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 Glen Allen, 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 Glen Allen, 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 Glen Allen, 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 Glen Allen, 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 Glen Allen, Alabama provide a valuable financial solution for individuals looking to purchase a new home before selling their current one. One of the significant benefits of a bridge loan is the ability to secure funds quickly, allowing buyers to move forward with a new purchase without waiting for their existing property to sell. Demographically, Glen Allen, Alabama, is a vibrant community with a diverse population. The town has a mix of young families, professionals, and retirees, creating a dynamic and inclusive environment. The area's strong sense of community and friendly neighborhoods make it an attractive place to live. In terms of the housing market, Glen Allen offers a range of housing options, from cozy single-family homes to modern condos. The market is competitive but stable, with a steady increase in property values over the past few years. Bridge loans provide buyers with the flexibility to navigate this market and secure their dream home. Glen Allen boasts a variety of attractions that cater to residents of all ages. From beautiful parks and recreational facilities to unique local shops and restaurants, there is no shortage of things to see and do in the area. The town's rich history and cultural landmarks also add to its charm, making it a desirable place to call home.
The Benefits of Bridge Loans in Glen Allen, Alabama
