Get Approved at The Lowest Rate
Navigating the process of buying a new home in New Market, 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 Market, AL or getting it ready for the market.
Identify the new home you want to buy in New Market, 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 Market, 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 Market, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in New Market, 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 Market, 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 Market, 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 Market, 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 Market, 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 crucial financial solution for residents of New Market, Alabama, providing short-term funds to bridge the gap between selling a current home and purchasing a new one. These loans offer flexibility, allowing homeowners to secure a new property without the pressure of waiting for their current home to sell. New Market, Alabama, boasts a diverse demographic mix with a strong sense of community. The population consists of both young families and retirees, creating a vibrant social scene. The cost of living is reasonable, making it an attractive option for those looking to settle down in a welcoming environment. The housing market in New Market, Alabama, is on the rise, offering various options for buyers. From cozy single-family homes to spacious estates with scenic views, there is something for everyone. With competitive prices and low interest rates, now is the perfect time to invest in the New Market real estate market. Aside from its housing opportunities, New Market, Alabama, is home to several main attractions. The popular Sharon Johnston Park provides outdoor recreational activities for all ages, while the nearby Cathedral Caverns State Park offers a unique underground adventure. Residents can also enjoy local dining spots and shopping areas in the charming downtown district.
Benefits of Bridge Loans in New Market, Alabama
