Get Approved at The Lowest Rate
Navigating the process of buying a new home in Red Bay, 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 Red Bay, AL or getting it ready for the market.
Identify the new home you want to buy in Red Bay, 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 Red Bay, 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 Red Bay, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Red Bay, 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 Red Bay, 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 Red Bay, 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 Red Bay, 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 Red Bay, 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 Red Bay, Alabama offer individuals and businesses a way to finance the purchase of a new property before selling their existing one. This can be highly beneficial for those looking to upgrade to a new home or expand their business without waiting for their current property to sell. Red Bay, Alabama, is a charming small town with a population of approximately 3,000 residents. The demographics of the town are primarily white with a median age of 43 years old. The cost of living is relatively low compared to national averages, making it an attractive option for families and retirees looking to settle down. The housing market in Red Bay, Alabama, is stable with a mix of older historic homes and newer developments. Bridge loans can help buyers take advantage of opportunities in this market by providing the necessary funds to secure a property quickly. Interest rates in Alabama are competitive, making bridge loans an attractive option for those who qualify. Main attractions in Red Bay include the renowned Coon Dog Cemetery, the Red Bay Museum, and the Tiffin Motorhomes Factory. These attractions showcase the town's unique history and culture, making it a desirable destination for visitors and residents alike.
Benefits of Bridge Loans in Red Bay, Alabama
