Get Approved at The Lowest Rate
Navigating the process of buying a new home in Hodges, 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 Hodges, AL or getting it ready for the market.
Identify the new home you want to buy in Hodges, 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 Hodges, 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 Hodges, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hodges, 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 Hodges, 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 Hodges, 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 Hodges, 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 Hodges, 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 Hodges, Alabama offer numerous benefits to buyers and sellers. These short-term loans provide quick financing solutions for those looking to buy a new home before selling their existing one. They help bridge the gap between selling and buying, preventing delays in purchasing a new property. Hodges is a small town in Alabama with a close-knit community. The town has a population of approximately 300 residents, creating a peaceful and quiet living environment. The demographics of Hodges mainly consist of families and retirees, attracted to the town's serene surroundings and friendly atmosphere. The housing market in Hodges offers affordable options for both buyers and renters. The median home price in Hodges is lower than the national average, making it an attractive location for first-time homebuyers. With the assistance of bridge loans, individuals can seize opportunities in this emerging market and secure their dream homes. While Hodges is a small town, it boasts of picturesque natural attractions such as the scenic Bankhead National Forest and the refreshing Buttahatchee River. Outdoor enthusiasts can enjoy activities like hiking, fishing, and camping in these beautiful surroundings. The town's charm lies in its peaceful ambiance and the simplicity of life it offers to residents.
Bridge Loans Benefits in Hodges, Alabama
