Get Approved at The Lowest Rate
Navigating the process of buying a new home in Saint Stephens, 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 Saint Stephens, AL or getting it ready for the market.
Identify the new home you want to buy in Saint Stephens, 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 Saint Stephens, 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 Saint Stephens, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Saint Stephens, 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 Saint Stephens, 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 Saint Stephens, 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 Saint Stephens, 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 Saint Stephens, 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 Saint Stephens, Alabama offer unique advantages to both buyers and sellers in the real estate market. These short-term loans provide the flexibility needed to secure a new property before selling an existing one, helping to avoid potential financial strain or missed opportunities. The demographics of Saint Stephens, Alabama, showcase a small yet vibrant community. With a population that values tradition and community spirit, residents enjoy a peaceful and close-knit environment. This creates a welcoming atmosphere for newcomers looking to establish roots in a charming Southern town. When it comes to the housing market in Saint Stephens, Alabama, opportunities abound. The market is characterized by a mix of historic homes and modern developments, offering a diverse range of options for buyers. With the help of bridge loans, individuals can capitalize on the competitive market and secure their dream home. Some of the main attractions in Saint Stephens include the iconic Saint Stephens Historical Park, where visitors can explore the rich history of the area. Additionally, outdoor enthusiasts can enjoy the natural beauty of the Alabama River, perfect for fishing, boating, and other recreational activities. These attractions add to the appeal of living in Saint Stephens and further enhance the value of investing in the local real estate market.
Benefits of Bridge Loans in Saint Stephens, Alabama
