Get Approved at The Lowest Rate
Navigating the process of buying a new home in Goodwater, 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 Goodwater, AL or getting it ready for the market.
Identify the new home you want to buy in Goodwater, 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 Goodwater, 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 Goodwater, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Goodwater, 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 Goodwater, 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 Goodwater, 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 Goodwater, 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 Goodwater, 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 offer significant benefits to homebuyers in Goodwater, Alabama. These short-term loans provide quick financing to bridge the gap between the purchase of a new home and the sale of the current one. This can be particularly advantageous in a competitive market, allowing buyers to secure their new property without being contingent on selling their old home first. Demographically, Goodwater is a charming town in Coosa County with a population of around 1,500 residents. The community is close-knit and family-oriented, offering a peaceful and safe environment for families and retirees. The town has a diverse mix of residents with various backgrounds, fostering a welcoming atmosphere for newcomers. The housing market in Goodwater is robust, with a range of affordable options for buyers. The median home price is below the national average, making it an attractive location for first-time homebuyers or those looking for a more affordable housing market. Bridge loans can help buyers take advantage of these favorable market conditions and secure their dream home in Goodwater. Goodwater boasts several main attractions, including beautiful outdoor spaces like Hatchet Creek and the Talladega National Forest, perfect for hiking and exploring nature. The town also has historical sites such as the Coosa County Courthouse, offering residents and visitors a glimpse into the area's rich history and culture.
Bridge Loans Benefits in Goodwater, Alabama
