Get Approved at The Lowest Rate
Navigating the process of buying a new home in Prattville, 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 Prattville, AL or getting it ready for the market.
Identify the new home you want to buy in Prattville, 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 Prattville, 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 Prattville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Prattville, 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 Prattville, 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 Prattville, 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 Prattville, 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 Prattville, 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 offer significant benefits to homebuyers in Prattville, Alabama. These short-term loans provide quick financing to bridge the gap between the purchase of a new home and the sale of an existing one. This allows buyers to secure their new property without being contingent on selling their current home. Prattville, located in Autauga County, has a population of approximately 35,662 residents. The city boasts a diverse community with a median household income above the state average. The demographic makeup includes a mix of families, young professionals, and retirees, creating a vibrant and welcoming environment. The housing market in Prattville is robust, offering a wide range of properties to suit different preferences and budgets. The area has seen steady appreciation in home values, making it an attractive investment opportunity for buyers. With competitive interest rates and favorable lending conditions, securing a bridge loan in Prattville is a strategic choice for those looking to capitalize on the market. Some main attractions in Prattville include the Robert Trent Jones Golf Trail at Capitol Hill, offering world-class golfing experiences, and the Daniel Pratt Historic District, showcasing the city's rich history and architectural heritage. Additionally, residents enjoy proximity to the Alabama River and numerous parks, providing ample opportunities for outdoor recreation and relaxation.
The Benefits of Bridge Loans in Prattville, Alabama
