Get Approved at The Lowest Rate
Navigating the process of buying a new home in Natural Bridge, 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 Natural Bridge, AL or getting it ready for the market.
Identify the new home you want to buy in Natural Bridge, 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 Natural Bridge, 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 Natural Bridge, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Natural Bridge, 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 Natural Bridge, 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 Natural Bridge, 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 Natural Bridge, 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 Natural Bridge, 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 a valuable financial tool for homebuyers in Natural Bridge, Alabama. These short-term loans help bridge the gap between the purchase of a new home and the sale of the current one. One of the primary benefits is the ability to secure financing quickly, allowing buyers to move forward with confidence in a competitive real estate market. Demographics: Natural Bridge, Alabama, is a small, tight-knit community with a population of approximately 650 residents. The town is known for its scenic beauty, friendly atmosphere, and strong sense of community spirit. Residents here enjoy a laid-back lifestyle and a low cost of living, making it an attractive option for families and retirees alike. Housing Market: The housing market in Natural Bridge offers a mix of affordable options, from charming historic homes to spacious modern properties. The median home price in the area is around $120,000, making it an affordable choice for those looking to settle down in a peaceful, rural setting. With the help of bridge loans, buyers can take advantage of these opportunities without waiting for their current home to sell. Main Attractions: Natural Bridge is home to the stunning Natural Bridge Park, featuring a unique natural rock bridge that is a popular spot for hiking, picnicking, and wildlife viewing. The area also offers access to outdoor recreation opportunities, including fishing, camping, and birdwatching, making it a paradise for nature lovers and outdoor enthusiasts.
The Benefits of Bridge Loans in Natural Bridge, Alabama
