Get Approved at The Lowest Rate
Navigating the process of buying a new home in Lowndesboro, 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 Lowndesboro, AL or getting it ready for the market.
Identify the new home you want to buy in Lowndesboro, 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 Lowndesboro, 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 Lowndesboro, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lowndesboro, 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 Lowndesboro, 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 Lowndesboro, 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 Lowndesboro, 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 Lowndesboro, 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 offer a crucial financial solution for homeowners in Lowndesboro, Alabama, by providing short-term financing to cover the gap between the purchase of a new home and the sale of the current one. This allows homeowners to make a smooth transition without worrying about immediate liquidity. Lowndesboro, Alabama, has a diverse population with a strong sense of community. The town's demographics include a mix of families, retirees, and young professionals. The cost of living is relatively low compared to larger cities, making it an attractive option for those seeking a quieter, more affordable lifestyle. The housing market in Lowndesboro is stable with a variety of housing options available, including historic homes, modern developments, and spacious rural properties. With the help of bridge loans, prospective buyers can take advantage of favorable market conditions and secure their dream home without delay.
The Benefits of Bridge Loans in Lowndesboro, Alabama
