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Navigating the process of buying a new home in Kimberly, 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 Kimberly, AL or getting it ready for the market.
Identify the new home you want to buy in Kimberly, 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 Kimberly, 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 Kimberly, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Kimberly, 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 Kimberly, 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 Kimberly, 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 Kimberly, 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 Kimberly, 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 Kimberly, Alabama, bridge loans offer a convenient financing option for homeowners who need to bridge the gap between the purchase of a new home and the sale of their current one. These short-term loans provide quick access to funds, allowing borrowers to secure their new property without having to wait for their old home to sell. Demographically, Kimberly is a small town with a population of approximately 3,000 residents. The community has a mix of families and professionals, creating a tight-knit and friendly atmosphere. The town is known for its excellent schools, making it an ideal place for families looking to settle down. The housing market in Kimberly is stable, with a mix of traditional single-family homes and newer developments. The average home price is affordable compared to nearby urban areas, making Kimberly an attractive option for first-time homebuyers and those looking to upgrade to a larger property. Some main attractions in Kimberly include the scenic Mulberry Fork River, where residents can enjoy fishing and boating. The town also has several parks and hiking trails, perfect for outdoor enthusiasts. Additionally, Kimberly is located near Birmingham, offering easy access to shopping, dining, and cultural activities.
Benefits of Bridge Loans in Kimberly, Alabama
