Get Approved at The Lowest Rate
Navigating the process of buying a new home in Moody, 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 Moody, AL or getting it ready for the market.
Identify the new home you want to buy in Moody, 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 Moody, 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 Moody, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Moody, 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 Moody, 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 Moody, 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 Moody, 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 Moody, 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 offer quick funding solutions for homebuyers in Moody, Alabama, allowing them to bridge the gap between the purchase of a new home and the sale of their current property. This financial tool provides flexibility, enabling individuals to secure their dream home without being burdened by the constraints of a traditional mortgage. Demographics Moody, Alabama, boasts a diverse population with a median age of 36 years. The town has a strong sense of community, making it an ideal place for families and young professionals. The area is known for its low crime rates and excellent school system, making it a popular choice for those looking to settle down in a safe and welcoming environment. Housing Market The housing market in Moody, Alabama, is thriving, with a range of properties available to suit various preferences and budgets. The town offers a mix of traditional single-family homes, modern apartments, and charming townhouses. With steady appreciation rates and competitive interest rates, Moody presents a lucrative opportunity for both buyers and sellers in the real estate market. Main Attractions Moody, Alabama, is home to a variety of attractions, including the Moody Civic Center, which hosts community events and entertainment. Outdoor enthusiasts can enjoy exploring the nearby scenic trails and parks, such as Barber Vintage Motorsports Museum and Oak Mountain State Park. The town also features a vibrant dining scene, shopping centers, and cultural landmarks, providing residents with a rich and fulfilling lifestyle.
Benefits of Bridge Loans in Moody, Alabama
