Get Approved at The Lowest Rate
Navigating the process of buying a new home in Mount Vernon, 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 Mount Vernon, AL or getting it ready for the market.
Identify the new home you want to buy in Mount Vernon, 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 Mount Vernon, 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 Mount Vernon, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mount Vernon, 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 Mount Vernon, 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 Mount Vernon, 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 Mount Vernon, 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 Mount Vernon, 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 Mount Vernon, Alabama offer a range of benefits for both homebuyers and sellers. One key advantage is the ability to secure financing quickly, allowing for a smoother transition between properties. This can be especially useful in competitive real estate markets where delays could result in losing out on a dream home. Mount Vernon, Alabama, boasts a diverse population with a mix of young families and retirees. The community is known for its friendly atmosphere and strong sense of local pride. With a median household income above the national average, Mount Vernon offers a comfortable lifestyle for residents. The housing market in Mount Vernon is stable, with steady appreciation rates over the past few years. Bridge loans can help buyers take advantage of favorable interest rates and secure their dream home before selling their current property. With a variety of housing options available, from modern condos to spacious family homes, Mount Vernon offers something for everyone. In addition to its appealing housing market, Mount Vernon offers a range of attractions for residents and visitors alike. Outdoor enthusiasts can explore the nearby state parks and nature reserves, while history buffs can visit the local museums and historic sites. With a vibrant arts and culture scene, there is always something exciting happening in Mount Vernon.
Bridge Loans in Mount Vernon, Alabama
