Get Approved at The Lowest Rate
Navigating the process of buying a new home in Graham, 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 Graham, AL or getting it ready for the market.
Identify the new home you want to buy in Graham, 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 Graham, 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 Graham, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Graham, 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 Graham, 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 Graham, 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 Graham, 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 Graham, 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 Graham, Alabama offer numerous benefits to individuals looking to purchase a new home before selling their current one. These loans provide quick access to funds, making it easier to secure a new property without having to wait for the sale of the existing home. They also allow borrowers to make competitive offers, as sellers often prefer buyers with financing already in place. Demographics: Graham, Alabama, is a diverse community with a mix of young professionals, families, and retirees. The town has a close-knit feel, with a strong sense of community and pride among its residents. The cost of living is relatively low compared to larger cities, making it an attractive option for those looking for a more affordable lifestyle. Housing Market: The housing market in Graham, Alabama, is stable and offers a range of options for potential buyers. With a mix of single-family homes, townhouses, and apartments, there is something for everyone in this charming town. The median home price is reasonable, making it a great place for first-time buyers and families looking to settle down. Main Attractions: Graham, Alabama, is known for its picturesque landscapes and outdoor recreational opportunities. The town is home to several parks, hiking trails, and fishing spots, making it a paradise for outdoor enthusiasts. Additionally, Graham boasts a rich history, with historical sites and museums that showcase the town's heritage and culture.
Benefits of Bridge Loans in Graham, Alabama