Get Approved at The Lowest Rate
Navigating the process of buying a new home in Thomaston, 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 Thomaston, AL or getting it ready for the market.
Identify the new home you want to buy in Thomaston, 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 Thomaston, 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 Thomaston, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Thomaston, 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 Thomaston, 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 Thomaston, 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 Thomaston, 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 Thomaston, 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 Thomaston, Alabama offer numerous benefits to individuals looking to purchase a new home before selling their existing one. One of the primary advantages is the ability to secure the financing needed to make a competitive offer on a new property without having to wait for their current home to sell. This can give buyers a significant advantage in a competitive market. Thomaston, Alabama, a small town located in Marengo County, has a population of approximately 400 residents. The area is known for its tight-knit community, with a mix of young families and retirees calling it home. The town boasts a low crime rate and a peaceful, rural setting, making it an ideal place for those looking for a quiet lifestyle. The housing market in Thomaston is diverse, offering a range of options from historic homes to newer construction. The median home price in Thomaston is below the national average, making it an affordable option for many buyers. With the help of bridge loans, residents have the flexibility to move into their dream home while managing the sale of their current property. Main attractions in Thomaston include the beautiful Cahaba River, which provides opportunities for fishing, kayaking, and picnicking. The town also has several historic sites, including the Thomaston Colored Institute, a former African American school that now serves as a community center and museum.
Benefits of Bridge Loans in Thomaston, Alabama
