Get Approved at The Lowest Rate
Navigating the process of buying a new home in Hillsboro, 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 Hillsboro, AL or getting it ready for the market.
Identify the new home you want to buy in Hillsboro, 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 Hillsboro, 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 Hillsboro, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hillsboro, 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 Hillsboro, 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 Hillsboro, 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 Hillsboro, 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 Hillsboro, 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 Hillsboro, Alabama offer a convenient way for residents to secure financing for a new home purchase before selling their current property. These loans provide flexibility and speed in the buying process, allowing individuals to seize opportunities in a competitive market without waiting for their existing home to sell. Hillsboro, Alabama, boasts a diverse population with a mix of age groups, including young families, professionals, and retirees. The town offers a peaceful, small-town atmosphere with access to modern amenities, making it an attractive place to live for those seeking a balanced lifestyle. The housing market in Hillsboro, Alabama, is healthy with a variety of housing options available, from quaint single-family homes to modern apartments. The median home price is reasonable, making it an affordable option for first-time buyers and families looking to settle down in a friendly community. Some of the main attractions in Hillsboro include the stunning natural landscapes, such as nearby mountains and rivers, providing ample outdoor recreation opportunities for residents and visitors. The town also features historic landmarks, charming local shops, and a vibrant culinary scene, ensuring there is something for everyone to enjoy.
The Benefits of Bridge Loans in Hillsboro, Alabama
