Get Approved at The Lowest Rate
Navigating the process of buying a new home in Loachapoka, 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 Loachapoka, AL or getting it ready for the market.
Identify the new home you want to buy in Loachapoka, 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 Loachapoka, 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 Loachapoka, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Loachapoka, 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 Loachapoka, 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 Loachapoka, 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 Loachapoka, 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 Loachapoka, 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 Loachapoka, Alabama offer a convenient short-term financing solution for individuals looking to purchase a new property before selling their current one. This type of loan provides the flexibility needed to secure a new home without being hindered by the timing of the sale of the existing property. Demographically, Loachapoka is a small town with a close-knit community. The population consists of diverse age groups, including families and retirees. The town offers a peaceful environment with a strong sense of community and local pride. The housing market in Loachapoka, Alabama, presents opportunities for both buyers and sellers. With a range of properties available, from historic homes to modern developments, the market caters to various preferences and budgets. Bridge loans can be a valuable tool in navigating this dynamic real estate landscape. While in Loachapoka, visitors can explore the historic sites such as the Loachapoka Historic District and Eufaula National Wildlife Refuge. Outdoor enthusiasts can enjoy activities like hiking, fishing, and camping in the picturesque surroundings of the area.
Benefits of Bridge Loans in Loachapoka, Alabama
