Get Approved at The Lowest Rate
Navigating the process of buying a new home in Laceys Spring, 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 Laceys Spring, AL or getting it ready for the market.
Identify the new home you want to buy in Laceys Spring, 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 Laceys Spring, 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 Laceys Spring, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Laceys Spring, 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 Laceys Spring, 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 Laceys Spring, 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 Laceys Spring, 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 Laceys Spring, 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 provide immediate financing for individuals looking to buy a new home before selling their current one. In Laceys Spring, Alabama, this type of loan can be particularly beneficial due to the competitive housing market. It allows buyers to secure a new property without having to wait for the sale of their existing home. Demographics Laceys Spring, Alabama, is a small town with a population of approximately 9,555 residents. The median age of the residents is 39 years old, and the median household income is $53,125. The town has a suburban feel and is a tight-knit community where neighbors look out for one another. Housing Market In Laceys Spring, the housing market is competitive with a median home value of $165,000. The market is currently experiencing growth, making it an attractive location for prospective homebuyers. Bridge loans can help individuals take advantage of the market's opportunities without missing out on their dream home. Main Attractions Laceys Spring offers a mix of outdoor activities and cultural experiences. The surrounding natural beauty provides opportunities for hiking, camping, and fishing. Additionally, the town is located near historical sites and museums, offering residents a chance to explore the area's rich history.
Benefits of Bridge Loans in Laceys Spring, Alabama
