Get Approved at The Lowest Rate
Navigating the process of buying a new home in Megargel, 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 Megargel, AL or getting it ready for the market.
Identify the new home you want to buy in Megargel, 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 Megargel, 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 Megargel, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Megargel, 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 Megargel, 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 Megargel, 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 Megargel, 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 Megargel, 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 Megargel, Alabama offer several benefits to homebuyers. One of the key advantages is the ability to secure financing quickly, allowing buyers to bridge the gap between the purchase of a new home and the sale of their existing property. This can be crucial in a competitive market where timing is key. Demographics of Megargel, Alabama show a small yet close-knit community. With a population of around 300 residents, Megargel offers a peaceful and tight community feel. The town is known for its friendly and welcoming atmosphere, making it a great place to settle down. The housing market in Megargel, Alabama is stable with a variety of property options available. From charming historic homes to modern developments, there is something for every taste and budget. The market has shown steady growth in recent years, making it an attractive location for both homebuyers and investors. Main Attractions in Megargel, Alabama Despite its small size, Megargel has some main attractions worth exploring. The nearby natural beauty of the Conecuh National Forest offers hiking and outdoor activities. Additionally, the town hosts local events and festivals that bring the community together and celebrate its rich heritage.
Benefits of Bridge Loans in Megargel, Alabama
