Get Approved at The Lowest Rate
Navigating the process of buying a new home in Millry, 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 Millry, AL or getting it ready for the market.
Identify the new home you want to buy in Millry, 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 Millry, 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 Millry, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Millry, 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 Millry, 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 Millry, 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 Millry, 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 Millry, 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 Millry, Alabama offer a flexible financing solution for individuals looking to bridge the gap between the purchase of a new home and the sale of their existing property. These loans provide the ability to move quickly in a competitive real estate market, enabling buyers to secure their dream home without having to wait for their current home to sell. Demographics in Millry, Alabama show a tight-knit community with a population that values small-town living. The town offers a mix of residents ranging from young families to retirees, creating a diverse and welcoming environment for all. The area boasts a strong sense of community spirit and a focus on family-oriented activities. The housing market in Millry, Alabama provides a range of options for prospective buyers. From historic homes with charm and character to modern developments with state-of-the-art amenities, the market caters to a variety of preferences. The availability of bridge loans makes it easier for buyers to access these housing options and make sound investment choices. Some main attractions in Millry, Alabama include the beautiful Millry State Park, a peaceful retreat for outdoor enthusiasts offering hiking trails, camping grounds, and scenic picnic areas. The town also hosts community events and festivals that celebrate local culture and traditions, fostering a sense of belonging among residents.
The Benefits of Bridge Loans in Millry, Alabama
