Get Approved at The Lowest Rate
Navigating the process of buying a new home in Luverne, 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 Luverne, AL or getting it ready for the market.
Identify the new home you want to buy in Luverne, 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 Luverne, 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 Luverne, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Luverne, 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 Luverne, 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 Luverne, 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 Luverne, 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 Luverne, 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 quick financing solutions, allowing homeowners to purchase a new property before selling their existing one, avoiding a contingent offer. Luverne, Alabama boasts a population of around 2,700 residents, with a majority being homeowners. The median household income is $31,515, making it an affordable place to live. The housing market in Luverne is stable, with a median home value of $82,400. Bridge loans can help residents take advantage of buying opportunities in this market without delays. Main Attractions in Luverne Luverne offers a quaint small-town charm with attractions like the Blue Moon Drive-In Theater, Luverne Country Club, and the Pioneer Museum of Alabama.
Benefits of Bridge Loans in Luverne, Alabama
