Get Approved at The Lowest Rate
Navigating the process of buying a new home in Pelham, 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 Pelham, AL or getting it ready for the market.
Identify the new home you want to buy in Pelham, 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 Pelham, 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 Pelham, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pelham, 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 Pelham, 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 Pelham, 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 Pelham, 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 Pelham, 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 Pelham offer quick financing solutions for individuals looking to purchase a new home while waiting to sell their existing property. These loans provide the flexibility to make a competitive offer in a fast-paced market without the contingency of selling the current home. Pelham, Alabama, is a vibrant community with a population that is diverse in age and background. The city boasts a strong sense of community, excellent schools, and a variety of recreational activities for residents of all ages to enjoy. The housing market in Pelham is characterized by a mix of single-family homes and townhouses, catering to different lifestyle preferences. With the median home price being affordable compared to larger cities, Pelham offers an attractive option for first-time homebuyers and families looking to upgrade. Main attractions in Pelham include the Oak Mountain State Park, which offers outdoor activities such as hiking, fishing, and camping. The Pelham Civic Complex and Ice Arena provide entertainment options for families, and the Ballantrae Golf Course attracts golf enthusiasts from the region.
Benefits of Bridge Loans in Pelham, Alabama
