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Navigating the process of buying a new home in Marion, 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 Marion, AL or getting it ready for the market.
Identify the new home you want to buy in Marion, 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 Marion, 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 Marion, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Marion, 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 Marion, 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 Marion, 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 Marion, 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 Marion, 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 Marion, Alabama offer a convenient financial solution for homebuyers allowing them to purchase a new home before selling their current one. This flexibility avoids the stress of timing the sale of one property with the purchase of another. Marion, Alabama, with a population of approximately 3,500 residents, boasts a rich historical heritage, including the Judson College and the Marion Military Institute. The community is known for its welcoming atmosphere and tight-knit neighborhoods. The housing market in Marion, Alabama, is currently stable with a mix of historic homes and newer developments. The median home price is affordable, making it an attractive location for first-time buyers and those looking to invest in real estate. Main attractions in Marion include the Marion Historic District, showcasing antebellum architecture, and Perry Lakes Park, offering outdoor recreational activities such as hiking, fishing, and picnicking. The city's vibrant arts scene and local shops add to its charm.
Benefits of Bridge Loans in Marion, Alabama
