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Navigating the process of buying a new home in Houston, 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 Houston, AL or getting it ready for the market.
Identify the new home you want to buy in Houston, 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 Houston, 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 Houston, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Houston, 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 Houston, 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 Houston, 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 Houston, 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 Houston, 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 Houston, Alabama offer several advantages for homebuyers. They provide short-term financing to bridge the gap between the purchase of a new home and the sale of the current one, allowing buyers to secure the new property without waiting for the old one to sell. Demographics: Houston, Alabama, is a diverse and growing city with a mix of young professionals, families, and retirees. The city has a strong sense of community and a lower cost of living compared to nearby metropolitan areas. Housing Market: The housing market in Houston, Alabama, is thriving, with a range of properties available to suit different budgets and preferences. Bridge loans can help buyers take advantage of the competitive market and secure their dream home before it's too late. Main Attractions: Houston, Alabama, boasts a variety of attractions, including beautiful parks, historic sites, local eateries, and cultural events. Residents and visitors can enjoy outdoor activities, vibrant nightlife, and a welcoming atmosphere that makes it a great place to live and visit.
Benefits of Bridge Loans in Houston, Alabama
