Get Approved at The Lowest Rate
Navigating the process of buying a new home in Melvin, 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 Melvin, AL or getting it ready for the market.
Identify the new home you want to buy in Melvin, 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 Melvin, 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 Melvin, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Melvin, 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 Melvin, 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 Melvin, 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 Melvin, 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 Melvin, 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 Melvin, Alabama offer numerous advantages to both buyers and sellers. One key benefit 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 current one. Demographics in Melvin, Alabama show a close-knit community with a population of approximately 400 residents. The town is known for its friendly atmosphere and strong sense of community, making it an ideal place for families and retirees looking for a peaceful lifestyle. The housing market in Melvin, Alabama is characterized by a mix of historic homes and modern properties. With a median home price below the national average, the area offers affordable housing options for first-time buyers and those looking to invest in real estate. Main attractions in Melvin, Alabama include the scenic Melvin Park, where residents can enjoy picnics, hiking trails, and community events. Additionally, the town is a short drive away from outdoor recreational areas, such as lakes and parks, providing plenty of opportunities for outdoor enthusiasts.
Benefits of Bridge Loans in Melvin, Alabama
