Get Approved at The Lowest Rate
Navigating the process of buying a new home in Lincoln, 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 Lincoln, AL or getting it ready for the market.
Identify the new home you want to buy in Lincoln, 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 Lincoln, 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 Lincoln, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lincoln, 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 Lincoln, 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 Lincoln, 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 Lincoln, 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 Lincoln, 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!
Benefits Bridge loans offer a flexible financing option for those looking to purchase a new home before selling their current one, providing short-term funds for down payments. Demographics Lincoln, Alabama, has a population of approximately 6,266 residents, with a median household income of $51,556. The town offers a peaceful suburban lifestyle, ideal for families and retirees. Housing Market The housing market in Lincoln is stable, with a median home value of $147,500. Bridge loans can help buyers seize opportunities in a competitive market by providing quick access to funds. Main Attractions Lincoln boasts attractions such as Talladega Superspeedway, a NASCAR racetrack, and the Talladega National Forest, offering outdoor recreational activities like hiking and camping, making it an appealing place to live.
Benefits of Bridge Loans in Lincoln, Alabama
