Get Approved at The Lowest Rate
Navigating the process of buying a new home in Rutledge, 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 Rutledge, AL or getting it ready for the market.
Identify the new home you want to buy in Rutledge, 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 Rutledge, 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 Rutledge, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Rutledge, 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 Rutledge, 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 Rutledge, 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 Rutledge, 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 Rutledge, 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 Rutledge, Alabama offer immediate access to funds for purchasing a new home before selling an existing one. This can help avoid the stress of timing mismatches and allows for smoother transitions between properties. Demographics: Rutledge, Alabama, is a small town with a population of approximately 470 residents. The community is close-knit, with a mix of families and retirees, creating a friendly and welcoming atmosphere. Housing Market: Rutledge's housing market is stable, with a median home value of $120,000. Bridge loans can be advantageous in this market by providing flexibility and support for buyers looking to upgrade or downsize their homes. Main Attractions: Rutledge is known for its scenic beauty, offering outdoor activities such as hiking, fishing, and camping. The town also has historical sites like the Old Post Office Museum, showcasing its rich past.
Benefits of Bridge Loans in Rutledge, Alabama
