Get Approved at The Lowest Rate
Navigating the process of buying a new home in Grady, 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 Grady, AL or getting it ready for the market.
Identify the new home you want to buy in Grady, 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 Grady, 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 Grady, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Grady, 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 Grady, 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 Grady, 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 Grady, 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 Grady, 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 Grady, Alabama offer numerous benefits to both buyers and sellers. These short-term loans provide the flexibility needed to secure a new home before selling the current one. This allows for a smoother transition between properties without the stress of timing constraints. Demographically, Grady, Alabama has a population of approximately 2,500 residents, with a median household income above the national average. The town boasts a diverse community with a mix of professionals, families, and retirees, creating a vibrant and welcoming environment. The housing market in Grady is currently stable, with steady appreciation rates and a range of affordable options for buyers. Bridge loans can help leverage existing equity to secure favorable financing terms in a competitive market, making it easier for buyers to find their dream home. Grady, Alabama is home to several main attractions, including the beautiful Lake Grady where residents can enjoy fishing, boating, and picnicking. The town also has a thriving arts and cultural scene, with local festivals and events that showcase the community's creativity and spirit.
Benefits of Bridge Loans in Grady, Alabama
