Get Approved at The Lowest Rate
Navigating the process of buying a new home in Sycamore, 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 Sycamore, AL or getting it ready for the market.
Identify the new home you want to buy in Sycamore, 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 Sycamore, 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 Sycamore, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sycamore, 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 Sycamore, 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 Sycamore, 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 Sycamore, 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 Sycamore, 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 Sycamore, Alabama offer numerous benefits for individuals looking to buy a new home before selling their current one. One of the main advantages is the ability to secure financing quickly, allowing buyers to act fast in competitive markets. These loans also provide flexibility in repayment terms, easing the financial burden during the transition period. Demographics: Sycamore, Alabama, has a diverse population with a mix of young families, professionals, and retirees. The town boasts a strong sense of community and is known for its friendly residents and welcoming atmosphere. The area's affordable cost of living makes it an attractive place for individuals looking to settle down or invest in real estate. Housing Market: The housing market in Sycamore offers a range of options, from charming historic homes to modern developments. With the help of bridge loans, buyers can capitalize on the competitive market conditions and find their dream home quickly. The real estate market in the area is stable, making it a sound investment for potential homeowners. Main Attractions: Sycamore, Alabama, is surrounded by picturesque natural landscapes, providing ample opportunities for outdoor recreation such as hiking, biking, and fishing. The town also has a vibrant downtown area with local shops, restaurants, and community events that showcase the town's rich culture and heritage.
Bridge Loans in Sycamore, Alabama
