Get Approved at The Lowest Rate
Navigating the process of buying a new home in Newton, 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 Newton, AL or getting it ready for the market.
Identify the new home you want to buy in Newton, 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 Newton, 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 Newton, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Newton, 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 Newton, 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 Newton, 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 Newton, 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 Newton, 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 Newton, Alabama offer a flexible financing solution for homeowners looking to purchase a new property before selling their current one. This type of loan provides immediate funds for a down payment, allowing individuals to secure their new home without having to wait for their existing property to sell. Demographics: Newton, Alabama, is a charming town with a population of around 1,500 residents. The community is close-knit, and the town boasts a diverse demographic mix, including young families, professionals, and retirees. Housing Market: The housing market in Newton, Alabama, is competitive yet affordable. The median home price is $150,000, making it an attractive option for first-time buyers and investors. Bridge loans can help buyers take advantage of the market's offerings without missing out on their dream home. Main Attractions: Newton, Alabama, offers a range of attractions, including picturesque parks, historic landmarks, and local eateries. Residents can enjoy outdoor activities like hiking and fishing at the nearby state parks, making it an excellent place for nature lovers.
Benefits of Bridge Loans in Newton, Alabama
