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Navigating the process of buying a new home in Hartselle, 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 Hartselle, AL or getting it ready for the market.
Identify the new home you want to buy in Hartselle, 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 Hartselle, 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 Hartselle, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hartselle, 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 Hartselle, 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 Hartselle, 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 Hartselle, 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 Hartselle, 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!
A bridge loan in Hartselle, Alabama offers flexibility for homeowners who need to buy a new property before selling their existing one. It helps bridge the gap between the sale of the current home and the purchase of a new one, avoiding the need for a contingent offer. Demographically, Hartselle, AL, is a charming city with a population of approximately 14,000. The community is known for its strong sense of community, excellent schools, and a suburban feel, making it an ideal place for families and individuals alike. In terms of the housing market, Hartselle boasts affordable housing options, with a median home price of around $170,000. The market is stable, offering a mix of older, historic homes and newer constructions, catering to various preferences. Key attractions in Hartselle include the historic downtown district with its shops and restaurants, Sparkman Park offering recreational activities, and the Quilt Walk showcasing beautiful handmade quilts. The city's rich history and vibrant community make it a desirable place to live.
Benefits of Bridge Loans in Hartselle, Alabama
