Get Approved at The Lowest Rate
Navigating the process of buying a new home in Peterman, 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 Peterman, AL or getting it ready for the market.
Identify the new home you want to buy in Peterman, 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 Peterman, 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 Peterman, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Peterman, 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 Peterman, 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 Peterman, 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 Peterman, 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 Peterman, 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 Peterman, Alabama offer several advantages to borrowers. They provide quick access to funds for purchasing a new home before selling an existing one. This can be especially beneficial in a competitive housing market, allowing buyers to make strong offers without waiting for their current home to sell. Demographically, Peterman, Alabama, is a small town with a close-knit community. The population is primarily made up of families and retirees, creating a peaceful and friendly atmosphere. The town boasts a low crime rate and excellent schools, making it an attractive option for those looking to settle down. In terms of the housing market, Peterman offers a mix of historic homes and new construction. The real estate market is stable, with affordable prices compared to neighboring areas. Bridge loans can help buyers take advantage of these opportunities by providing temporary financing until their current home sells. Main attractions in Peterman include the picturesque Peterman Park, ideal for outdoor activities and family gatherings. The town also hosts annual festivals celebrating local culture and history, providing residents with a strong sense of community and belonging.
Benefits of Bridge Loans in Peterman, Alabama
