Get Approved at The Lowest Rate
Navigating the process of buying a new home in Ragland, 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 Ragland, AL or getting it ready for the market.
Identify the new home you want to buy in Ragland, 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 Ragland, 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 Ragland, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ragland, 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 Ragland, 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 Ragland, 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 Ragland, 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 Ragland, 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 of Bridge Loans: Bridge loans in Ragland, Alabama offer immediate funds to bridge the gap between the purchase of a new home and the sale of a current property. They provide flexibility, quick approval, and can save you from missing out on your dream home while waiting for your current property to sell. Demographics: Ragland, Alabama, has a population of approximately 1,639 residents. The town boasts a strong sense of community and a family-friendly environment. The median household income is around $45,000, and the town has a mix of both young families and retirees. Housing Market: The housing market in Ragland is stable, with a median home value of $120,000. The market offers a variety of housing options, from single-family homes to larger properties with spacious yards. Bridge loans can help buyers secure their desired property without contingency offers. Main Attractions: Ragland features outdoor attractions like Neely Henry Lake, ideal for fishing and boating enthusiasts. The town also hosts the annual Ragland Rodeo, a popular event that brings the community together for fun and entertainment. Additionally, Ragland is known for its charming downtown area with local shops and eateries.
Bridge Loans in Ragland, Alabama
