Get Approved at The Lowest Rate
Navigating the process of buying a new home in Petrey, 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 Petrey, AL or getting it ready for the market.
Identify the new home you want to buy in Petrey, 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 Petrey, 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 Petrey, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Petrey, 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 Petrey, 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 Petrey, 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 Petrey, 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 Petrey, 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 Petrey, Alabama offer numerous benefits for both buyers and sellers. They provide a convenient financing solution for individuals who are looking to purchase a new home before selling their existing one. This helps avoid the stress of timing the sale of one property with the purchase of another. Demographically, Petrey, Alabama is a small, close-knit community with a population that values rural living. The area is predominantly made up of families and retirees looking for a peaceful setting to call home. With a low crime rate and strong community ties, Petrey is a safe and welcoming place to live. The housing market in Petrey, Alabama is stable, with a range of affordable properties available for buyers. Bridge loans can help facilitate quick transactions in this market, giving buyers the advantage of securing a new property without having to wait for their current home to sell. This can be especially useful in a competitive market where desirable properties may receive multiple offers. Main attractions in Petrey include its beautiful natural surroundings, including parks and trails for outdoor enthusiasts to enjoy. The area also has a rich history, with historic sites and landmarks that offer insight into the town's past. Additionally, local events and festivals provide residents with opportunities to come together and celebrate the community spirit that defines Petrey, Alabama.
Benefits of Bridge Loans in Petrey, Alabama
