Get Approved at The Lowest Rate
Navigating the process of buying a new home in Monroeville, 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 Monroeville, AL or getting it ready for the market.
Identify the new home you want to buy in Monroeville, 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 Monroeville, 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 Monroeville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Monroeville, 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 Monroeville, 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 Monroeville, 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 Monroeville, 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 Monroeville, 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!
The Benefits of Bridge Loans: Bridge loans offer quick financing solutions for those looking to buy a new home before selling their existing property. They provide flexibility and bridge the gap between the purchase of a new home and the sale of the current one. Demographics: Monroeville, Alabama, has a population of approximately 6,000 residents. The town boasts a friendly community atmosphere and a cost of living lower than the national average, making it an attractive place to live for families and retirees. Housing Market: The housing market in Monroeville offers a range of options, from historic homes in charming neighborhoods to modern developments. With affordable pricing and a stable market, it's an ideal location for both first-time homebuyers and seasoned investors. Main Attractions: Monroeville is famous as the hometown of Harper Lee, author of "To Kill a Mockingbird." Visitors can explore the historic courthouse that inspired the setting of the novel. The town also hosts the annual "To Kill a Mockingbird" play, attracting theater enthusiasts from around the country.
Bridge Loans in Monroeville, Alabama
