Get Approved at The Lowest Rate
Navigating the process of buying a new home in Henagar, 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 Henagar, AL or getting it ready for the market.
Identify the new home you want to buy in Henagar, 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 Henagar, 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 Henagar, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Henagar, 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 Henagar, 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 Henagar, 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 Henagar, 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 Henagar, 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 Henagar, Alabama offer several benefits for homebuyers and sellers alike. One of the primary advantages is the ability to secure funding quickly, allowing individuals to bridge the gap between buying a new home and selling their current one without delays. Demographically, Henagar is a small town in DeKalb County, Alabama, with a population of around 2,300 residents. The town has a suburban feel and is a tight-knit community with a mix of families and retirees. In terms of the housing market, Henagar offers affordable homes compared to neighboring areas, making it an attractive option for first-time homebuyers. The market is stable, with a steady increase in property values over the past few years. Main attractions in Henagar include the DeSoto State Park, which offers hiking trails, waterfalls, and stunning views of the surrounding area. Additionally, the annual Sand Mountain Potato Festival is a popular event that celebrates the town's agricultural roots and brings the community together.
Benefits of Bridge Loans in Henagar, Alabama
