Get Approved at The Lowest Rate
Navigating the process of buying a new home in Lockhart, 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 Lockhart, AL or getting it ready for the market.
Identify the new home you want to buy in Lockhart, 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 Lockhart, 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 Lockhart, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lockhart, 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 Lockhart, 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 Lockhart, 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 Lockhart, 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 Lockhart, 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 Lockhart, Alabama offer numerous benefits to potential homebuyers. One of the primary advantages of bridge loans is the ability to quickly secure funds for a new home purchase while awaiting the sale of a current property. This can help individuals avoid missing out on their dream home due to timing constraints. Demographically, Lockhart, Alabama, is a small town with a close-knit community. The population is diverse, with a mix of families, young professionals, and retirees. The town boasts a low crime rate and a high quality of life, making it an attractive place to live for individuals of all ages. In terms of the housing market, Lockhart, Alabama, offers a range of affordable housing options, from cozy single-family homes to spacious estates. The market is stable, with steady appreciation rates over the years. Bridge loans can help buyers take advantage of these favorable conditions and secure their dream home without delays. Lockhart, Alabama, is home to several main attractions that make it a unique and charming place to live. The town is surrounded by picturesque natural landscapes, perfect for outdoor enthusiasts. Additionally, residents can enjoy local shops, restaurants, and community events that showcase the town's rich history and culture.
Benefits of Bridge Loans in Lockhart, Alabama
