Get Approved at The Lowest Rate
Navigating the process of buying a new home in Northport, 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 Northport, AL or getting it ready for the market.
Identify the new home you want to buy in Northport, 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 Northport, 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 Northport, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Northport, 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 Northport, 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 Northport, 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 Northport, 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 Northport, 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 Northport, Alabama offer numerous advantages for borrowers. One key benefit is the ability to access quick financing to bridge the gap between buying a new property and selling an existing one. This can ensure a smooth transition without the need for contingency clauses. Demographically, Northport, Alabama has a diverse population with a mix of families, young professionals, and retirees. The city boasts a strong sense of community and a low crime rate, making it an attractive place to live for people of all ages and backgrounds. In terms of the housing market, Northport, Alabama offers a range of options to suit various budgets and preferences. The market is characterized by stable growth and reasonable pricing compared to nearby areas, making it a desirable location for both homeowners and investors. Some main attractions in Northport include Lake Lurleen State Park, which offers outdoor recreational activities such as boating and hiking, as well as Kentuck Art Center, known for showcasing local artists and craftsmen. The city also hosts annual events like the Kentuck Festival of the Arts, drawing visitors from across the region.
Benefits of Bridge Loans in Northport, Alabama
