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Navigating the process of buying a new home in Shelby, 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 Shelby, AL or getting it ready for the market.
Identify the new home you want to buy in Shelby, 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 Shelby, 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 Shelby, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Shelby, 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 Shelby, 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 Shelby, 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 Shelby, 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 Shelby, 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 Shelby, Alabama offer a crucial financial lifeline for homeowners who need immediate funds to purchase a new home before selling their existing one. These short-term loans provide flexibility and enable seamless transitions without the stress of owning two properties simultaneously. Demographics: Shelby, Alabama, is a thriving community with a diverse population. The median household income is above the national average, and the cost of living is relatively affordable. The town boasts a strong sense of community and offers excellent educational opportunities for families. Housing Market: The housing market in Shelby, Alabama, is robust, with steady appreciation rates and a range of properties to suit different budgets and preferences. Bridge loans can help buyers take advantage of favorable market conditions and secure their dream homes without delay. Main Attractions: Shelby, Alabama, is renowned for its picturesque landscapes, charming downtown area, and rich historical sites. Residents and visitors can enjoy outdoor activities, local festivals, and a vibrant arts scene, making it an attractive place to live and explore.
Benefits of Bridge Loans in Shelby, Alabama
