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Navigating the process of buying a new home in Montgomery, 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 Montgomery, AL or getting it ready for the market.
Identify the new home you want to buy in Montgomery, 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 Montgomery, 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 Montgomery, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Montgomery, 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 Montgomery, 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 Montgomery, 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 Montgomery, 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 Montgomery, 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 Montgomery provide immediate funds for buying a new home before selling the old one, easing the financial burden of temporary housing. This enables seamless transitions, avoiding mortgage gaps and allowing uninterrupted moves. Montgomery, Alabama, boasts a diverse population with a rich cultural heritage. The city's demographics include a mix of young professionals, families, and retirees, contributing to a vibrant community with ample opportunities for networking and social engagement. The housing market in Montgomery is characterized by affordability and stability. The city offers a range of housing options, from historic homes in charming neighborhoods to modern developments, catering to various preferences and budgets, making it an attractive option for both residents and investors. Montgomery features numerous main attractions, including the Civil Rights Memorial, Montgomery Museum of Fine Arts, and the picturesque Riverfront Park. With its historical significance, cultural landmarks, and natural beauty, the city offers residents and visitors a blend of entertainment, education, and recreation.
Benefits of Bridge Loans in Montgomery, Alabama
