Get Approved at The Lowest Rate
Navigating the process of buying a new home in Spruce Pine, 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 Spruce Pine, AL or getting it ready for the market.
Identify the new home you want to buy in Spruce Pine, 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 Spruce Pine, 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 Spruce Pine, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Spruce Pine, 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 Spruce Pine, 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 Spruce Pine, 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 Spruce Pine, 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 Spruce Pine, 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 Spruce Pine, Alabama offer numerous benefits to homebuyers. They provide quick financing, allowing buyers to secure a new property before selling their current home. This helps in avoiding the hassle of timing mismatches in real estate transactions. Spruce Pine, Alabama, has a diverse demographic profile with a mix of families, retirees, and young professionals. The town has a strong sense of community and offers a peaceful environment for residents. The cost of living is reasonable, making it an attractive option for those looking to settle down in a friendly neighborhood. The housing market in Spruce Pine has been growing steadily, with a variety of properties available to suit different budgets and needs. The town offers a mix of single-family homes, townhouses, and apartments. With the help of bridge loans, buyers can take advantage of the opportunities in this evolving market.
Benefits of Bridge Loans in Spruce Pine, Alabama
