Get Approved at The Lowest Rate
Navigating the process of buying a new home in Ozark, 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 Ozark, AL or getting it ready for the market.
Identify the new home you want to buy in Ozark, 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 Ozark, 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 Ozark, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ozark, 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 Ozark, 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 Ozark, 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 Ozark, 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 Ozark, 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 Ozark, Alabama offer numerous benefits for homeowners looking to purchase a new home before selling their current one. These short-term loans provide quick access to funds, allowing individuals to secure a new property without having to wait for their existing home to sell. This can be advantageous in competitive real estate markets where properties sell quickly. Ozark, Alabama, a quaint city located in Dale County, has a population of approximately 15,000 residents. The area boasts a diverse community with a mix of young families, retirees, and professionals. The city's welcoming atmosphere and strong sense of community make it an ideal place to call home. The housing market in Ozark, Alabama, is vibrant and offers a range of options for both buyers and sellers. With a median home price that is affordable compared to national averages, prospective homeowners can find a suitable property within their budget. The real estate market in Ozark is known for its stability and potential for growth, making it a desirable location for property investment. Ozark, Alabama, is home to several main attractions that cater to residents and visitors alike. The city's natural beauty, including parks, lakes, and outdoor recreational areas, offers abundant opportunities for outdoor activities. Additionally, Ozark features historical sites, cultural events, and local dining establishments that showcase the city's rich heritage and vibrant community.
Benefits of Bridge Loans in Ozark, Alabama
