Get Approved at The Lowest Rate
Navigating the process of buying a new home in Oak Hill, 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 Oak Hill, AL or getting it ready for the market.
Identify the new home you want to buy in Oak Hill, 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 Oak Hill, 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 Oak Hill, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Oak Hill, 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 Oak Hill, 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 Oak Hill, 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 Oak Hill, 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 Oak Hill, 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!
In Oak Hill, Alabama, bridge loans offer a valuable financing option for homebuyers looking to bridge the gap between the purchase of a new home and the sale of their existing property. These loans provide flexibility and quick access to funds, making it easier to secure the home of your dreams without waiting for your current home to sell. Demographically, Oak Hill is a charming neighborhood with a mix of families, young professionals, and retirees. The community is known for its friendly atmosphere and strong sense of community spirit. With top-rated schools and convenient access to amenities, Oak Hill is a sought-after location for homebuyers. The housing market in Oak Hill is vibrant and diverse, offering a range of housing options from historic properties to modern developments. Bridge loans can help buyers navigate this competitive market by providing the financial support needed to make a strong offer and secure a property quickly. Some of the main attractions in Oak Hill include beautiful parks, a vibrant downtown area with shops and restaurants, and easy access to outdoor recreational activities. With its close-knit community and welcoming vibe, Oak Hill is a place where residents can enjoy a high quality of life and a strong sense of belonging.
The Benefits of Bridge Loans in Oak Hill, Alabama
