Get Approved at The Lowest Rate
Navigating the process of buying a new home in Guntersville, 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 Guntersville, AL or getting it ready for the market.
Identify the new home you want to buy in Guntersville, 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 Guntersville, 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 Guntersville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Guntersville, 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 Guntersville, 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 Guntersville, 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 Guntersville, 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 Guntersville, 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 Guntersville, Alabama offer a quick and flexible financing option for homebuyers. These short-term loans can help bridge the gap between the purchase of a new home and the sale of your current property, providing you with the funds needed to secure your new dream home without having to wait for your existing one to sell. Demographics in Guntersville show a vibrant community with a population that values outdoor activities and a close-knit neighborhood feel. The city has a mix of families, young professionals, and retirees, creating a diverse and welcoming environment for all residents. The housing market in Guntersville is stable, with a balance between supply and demand. Property values have been appreciating steadily, making it a favorable market for both buyers and sellers. Bridge loans can give buyers a competitive edge in this market by providing the necessary financial flexibility to make attractive offers. Guntersville, Alabama, boasts several main attractions such as the picturesque Lake Guntersville, perfect for fishing and water sports. The city also offers hiking trails, parks, and a historic downtown area with shops and restaurants, providing residents with a variety of recreational and cultural experiences.
Benefits of Bridge Loans in Guntersville, Alabama
