Get Approved at The Lowest Rate
Navigating the process of buying a new home in Letohatchee, 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 Letohatchee, AL or getting it ready for the market.
Identify the new home you want to buy in Letohatchee, 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 Letohatchee, 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 Letohatchee, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Letohatchee, 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 Letohatchee, 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 Letohatchee, 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 Letohatchee, 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 Letohatchee, 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 Letohatchee, Alabama offer a convenient financial solution for individuals looking to buy a new home before selling their current property. These short-term loans provide the flexibility needed to bridge the gap between buying and selling, offering quick access to funds without disrupting your existing financial arrangements. Demographics: Letohatchee, located in Lowndes County, Alabama, has a diverse demographic profile with a mix of residents from different racial and ethnic backgrounds. The population is known for its warm Southern hospitality, making it a welcoming community for new residents looking to settle in the area. Housing Market: Letohatchee's housing market is characterized by a range of properties including single-family homes, townhouses, and apartments. The area offers affordable housing options with a variety of architectural styles to suit different preferences. Bridge loans can help buyers secure their dream home in this competitive market. Main Attractions: Letohatchee boasts scenic landscapes and outdoor recreational opportunities, including parks, hiking trails, and water activities. The area's rich history is reflected in its historic sites and museums, offering residents and visitors a chance to explore the cultural heritage of the region.
Benefits of Bridge Loans in Letohatchee, Alabama
