Get Approved at The Lowest Rate
Navigating the process of buying a new home in Silas, 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 Silas, AL or getting it ready for the market.
Identify the new home you want to buy in Silas, 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 Silas, 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 Silas, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Silas, 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 Silas, 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 Silas, 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 Silas, 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 Silas, 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 Silas, Alabama offer numerous advantages for homeowners and real estate investors. These short-term loans provide quick access to funds, allowing individuals to bridge the gap between purchasing a new property and selling their existing one. They are particularly beneficial in competitive real estate markets, giving borrowers an edge in securing their dream home. Demographically, Silas, Alabama, is a charming small town with a population of approximately 500 residents. Known for its tight-knit community and welcoming atmosphere, Silas offers a peaceful and laid-back lifestyle for its residents. The town boasts a mix of families, retirees, and young professionals, creating a diverse and inclusive environment. The housing market in Silas, Alabama, is characterized by affordable prices and a variety of property types. Whether you're looking for a cozy single-family home, a spacious rural property, or a charming fixer-upper, Silas has something for everyone. With the help of bridge loans, homebuyers can take advantage of the favorable market conditions and secure their ideal home. While in Silas, don't miss the opportunity to explore its main attractions. From the scenic Silas Lake Park offering fishing and picnicking facilities to the historic Silas Depot Museum showcasing the town's rich heritage, there is no shortage of things to see and do. Additionally, the nearby Cahaba River provides ample opportunities for outdoor recreation, making Silas a haven for nature lovers.
Benefits of Bridge Loans in Silas, Alabama
