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Navigating the process of buying a new home in Normal, 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 Normal, AL or getting it ready for the market.
Identify the new home you want to buy in Normal, 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 Normal, 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 Normal, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Normal, 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 Normal, 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 Normal, 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 Normal, 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 Normal, 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 Normal, Alabama provide a valuable financial solution for homeowners looking to buy a new property before selling their current one. These short-term loans offer quick access to funds, allowing individuals to secure a new home without the stress of waiting for their current property to sell. Demographics in Normal, Alabama, showcase a diverse community with a strong sense of unity. With a population that values education and community engagement, residents of Normal enjoy a high quality of life and access to excellent schools and recreational facilities. The housing market in Normal, Alabama, is dynamic and offers a range of properties to suit different needs and preferences. From cozy single-family homes to modern townhouses, the market caters to a variety of buyers, making it an attractive location for individuals and families looking to settle in a welcoming community. Some main attractions in Normal, Alabama, include the picturesque parks and nature reserves that offer residents and visitors a peaceful retreat from city life. The town's vibrant cultural scene, with local festivals and events, adds to the charm of living in Normal, making it a desirable place to call home.
Benefits of Bridge Loans in Normal, Alabama
