Get Approved at The Lowest Rate
Navigating the process of buying a new home in New Hope, 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 New Hope, AL or getting it ready for the market.
Identify the new home you want to buy in New Hope, 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 New Hope, 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 New Hope, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in New Hope, 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 New Hope, 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 New Hope, 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 New Hope, 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 New Hope, 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 provide short-term financing options for homeowners in New Hope, Alabama, allowing them to bridge the gap between the purchase of a new home and the sale of their existing one. This financial tool can help individuals secure their dream homes without having to wait for their current property to sell. Demographics: New Hope, Alabama, is a charming town located in Madison County. With a population of approximately 2,800 residents, the town offers a tight-knit community feel where neighbors look out for one another. The demographics of New Hope consist of mostly families and individuals looking for a peaceful place to call home. Housing Market: The housing market in New Hope, Alabama, is stable and offers a mix of detached single-family homes and some townhouses. Bridge loans can be beneficial in this market by giving homeowners the flexibility to make quick offers on new properties. The median home value in New Hope is affordable, making it an attractive option for first-time homebuyers. Main Attractions: New Hope, Alabama, boasts beautiful natural surroundings and outdoor attractions such as the Flint River and Monte Sano State Park. The town also hosts community events like the New Hope Founder's Day Festival, bringing residents together for fun and entertainment.
Benefits of Bridge Loans in New Hope, Alabama
