Get Approved at The Lowest Rate
Navigating the process of buying a new home in Pike Road, 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 Pike Road, AL or getting it ready for the market.
Identify the new home you want to buy in Pike Road, 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 Pike Road, 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 Pike Road, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pike Road, 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 Pike Road, 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 Pike Road, 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 Pike Road, 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 Pike Road, 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!
Benefits Bridge loans in Pike Road, Alabama provide fast access to funds for purchasing a new home before selling the current one. This allows homeowners to secure their dream home without worrying about contingent offers. Demographics Pike Road has a population of approximately 10,000 residents with a median household income above the state average. The town offers a mix of suburban and rural living, attracting families and professionals alike. Housing Market The housing market in Pike Road is vibrant, with a range of properties from modern single-family homes to spacious estates. Home values have been steadily appreciating, making it an attractive investment opportunity. Main Attractions Pike Road boasts scenic parks, such as The Waters and Founders Station, perfect for outdoor enthusiasts. The town also has a strong sense of community with local events like the Pike Road Arts & Crafts Fair.
Benefits of Bridge Loans in Pike Road, Alabama
