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Navigating the process of buying a new home in Summerdale, 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 Summerdale, AL or getting it ready for the market.
Identify the new home you want to buy in Summerdale, 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 Summerdale, 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 Summerdale, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Summerdale, 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 Summerdale, 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 Summerdale, 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 Summerdale, 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 Summerdale, 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 Summerdale, Alabama offer individuals the flexibility to purchase a new home before selling their current one, making the transition smoother. Summerdale, Alabama, boasts a diverse population with a mix of families, young professionals, and retirees, creating a vibrant community. The housing market in Summerdale is competitive with a variety of properties available, from charming historic homes to modern developments, catering to different preferences. Some main attractions in Summerdale include the beautiful Gulf Coast beaches, the Alligator Alley wildlife park, and the nearby Tanger Outlets offering great shopping opportunities.
Bridge Loans in Summerdale, Alabama
