Get Approved at The Lowest Rate
Navigating the process of buying a new home in Killen, 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 Killen, AL or getting it ready for the market.
Identify the new home you want to buy in Killen, 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 Killen, 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 Killen, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Killen, 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 Killen, 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 Killen, 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 Killen, 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 Killen, 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!
In Killen, Alabama, bridge loans offer a convenient financing option for homeowners looking to purchase a new home before selling their current one. These loans provide the flexibility to bridge the gap between the sale of the old property and the purchase of a new one, preventing the need for a contingent offer. Demographics: Killen, Alabama, is a charming town with a population of approximately 1,000 residents. The community is known for its friendly atmosphere, strong sense of community, and excellent school system, making it an ideal location for families and retirees alike. Housing Market: The housing market in Killen, Alabama, offers a mix of affordable single-family homes, spacious estates, and cozy townhouses. With competitive prices and low-interest rates, the market is favorable for both buyers and sellers, making it a great time to invest in property in this area. Main Attractions: Killen, Alabama, is home to various attractions, including beautiful parks, scenic lakes for outdoor activities, local boutiques, and charming eateries. The town's rich history, vibrant culture, and picturesque surroundings make it a popular destination for visitors and residents alike.
Benefits of Bridge Loans in Killen, Alabama
