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Navigating the process of buying a new home in Owens Cross Roads, 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 Owens Cross Roads, AL or getting it ready for the market.
Identify the new home you want to buy in Owens Cross Roads, 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 Owens Cross Roads, 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 Owens Cross Roads, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Owens Cross Roads, 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 Owens Cross Roads, 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 Owens Cross Roads, 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 Owens Cross Roads, 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 Owens Cross Roads, 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 Owens Cross Roads, Alabama provide homebuyers with the flexibility to purchase a new home before selling their existing one. This allows for a smooth transition without the stress of temporary housing or rushed sales. Demographically, Owens Cross Roads has a population of approximately 2,000 residents. The area is known for its family-friendly community, excellent schools, and proximity to outdoor recreational activities. In terms of the housing market, Owens Cross Roads offers a mix of new developments and established neighborhoods. The median home price is around $300,000, making it an attractive option for both first-time buyers and families looking to upgrade. Some of the main attractions in Owens Cross Roads include the picturesque Hampton Cove Golf Course, the scenic Big Cove Creek Greenway, and the historic Goldsmith-Schiffman Wildlife Sanctuary, offering residents plenty of opportunities for outdoor enjoyment.
Benefits of Bridge Loans in Owens Cross Roads, Alabama
