Get Approved at The Lowest Rate
Navigating the process of buying a new home in Malvern, 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 Malvern, AL or getting it ready for the market.
Identify the new home you want to buy in Malvern, 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 Malvern, 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 Malvern, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Malvern, 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 Malvern, 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 Malvern, 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 Malvern, 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 Malvern, 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 convenience and flexibility to homebuyers in Malvern, Alabama. These short-term loans help bridge the gap between the purchase of a new home and the sale of the current one. This allows buyers to secure their new property without waiting for their existing home to sell, facilitating a smoother transition. Malvern, located in Baldwin County, Alabama, has a diverse population with a mix of families, professionals, and retirees. The area boasts a low crime rate, good schools, and a strong sense of community. The median household income is above the state average, providing a stable economic environment. The housing market in Malvern is characterized by a mix of historic and modern homes. The median home value is competitive, making it an attractive location for both first-time buyers and investors. With the help of bridge loans, buyers can capitalize on the diverse housing options available in Malvern, from cozy bungalows to spacious family homes. Malvern offers a range of attractions for residents and visitors alike. Outdoor enthusiasts can explore the nearby Gulf State Park for hiking, biking, and water activities. The Wharf entertainment complex provides shopping, dining, and live music events. Additionally, the beautiful beaches of the Gulf Coast are just a short drive away.
Benefits of Bridge Loans in Malvern, Alabama
