Get Approved at The Lowest Rate
Navigating the process of buying a new home in Red Level, 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 Level, AL or getting it ready for the market.
Identify the new home you want to buy in Red Level, 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 Level, 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 Level, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Red Level, 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 Level, 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 Level, 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 Level, 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 Level, 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 a convenient financing option for residents of Red Level, Alabama, allowing them to bridge the gap between the purchase of a new home and the sale of their current one. This flexibility can prevent the stress of trying to coordinate closing dates and avoid the need for a contingency offer. **Demographics:** Red Level, Alabama, is a small town with a population of approximately 500 residents. The community has a mix of families, retirees, and young professionals, creating a diverse and welcoming environment. The town's close-knit feel and strong sense of community make it an ideal place to raise a family or enjoy a peaceful retirement. **Housing Market:** The housing market in Red Level, Alabama, offers a range of affordable options for buyers. With a median home price below the national average, residents can find spacious properties with large yards at competitive prices. The availability of bridge loans makes it easier for buyers to secure their dream home without worrying about selling their current property first. **Main Attractions:** Despite its small size, Red Level boasts several charming attractions, including Oak Hollow Farm, known for its events, horseback riding, and picturesque landscapes. The town also offers easy access to outdoor activities such as fishing, hiking, and camping, making it a great destination for nature lovers.
Benefits of Bridge Loans in Red Level, Alabama
