Get Approved at The Lowest Rate
Navigating the process of buying a new home in Silverhill, 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 Silverhill, AL or getting it ready for the market.
Identify the new home you want to buy in Silverhill, 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 Silverhill, 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 Silverhill, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Silverhill, 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 Silverhill, 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 Silverhill, 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 Silverhill, 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 Silverhill, 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 Silverhill, Alabama offer a range of benefits to homeowners and buyers. These short-term loans can help bridge the gap between the purchase of a new property and the sale of an existing one. With competitive interest rates and flexible terms, bridge loans provide financial flexibility and convenience during transition periods. Silverhill, Alabama, is a charming town with a population of approximately 800 residents. The town's demographics include a mix of families, young professionals, and retirees. Its tranquil atmosphere and close-knit community make it an ideal place to live and raise a family. The housing market in Silverhill presents a mix of historic homes, modern developments, and rural properties. With affordable prices compared to neighboring areas, Silverhill offers attractive opportunities for buyers. Bridge loans can facilitate quick property purchases, giving buyers an edge in this competitive market. Main Attractions in Silverhill, Alabama Silverhill's main attractions include the Silverhill Heritage Day Festival, an annual event celebrating the town's history and culture. Additionally, the town is home to beautiful parks, local shops, and restaurants that cater to diverse tastes. Its proximity to Gulf Coast beaches and recreational opportunities make Silverhill a desirable place to live.
Benefits of Bridge Loans in Silverhill, Alabama
