Get Approved at The Lowest Rate
Navigating the process of buying a new home in Thorsby, 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 Thorsby, AL or getting it ready for the market.
Identify the new home you want to buy in Thorsby, 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 Thorsby, 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 Thorsby, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Thorsby, 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 Thorsby, 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 Thorsby, 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 Thorsby, 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 Thorsby, 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 offer quick financing solutions for homebuyers in Thorsby, Alabama, bridging the gap between the sale of their current home and the purchase of a new one. This can be particularly beneficial in competitive real estate markets, allowing buyers to act quickly and secure their dream home. Demographics: Thorsby, Alabama, is a charming rural town with a population of approximately 2,000 residents. The community is close-knit, with a strong sense of local pride and Southern hospitality. Housing Market: The housing market in Thorsby offers a mix of affordable single-family homes and spacious properties with large lots. Bridge loans can help buyers take advantage of favorable interest rates and secure properties in this stable market. Main Attractions: Thorsby is known for its beautiful outdoor spaces, including the Minooka Park and the Thorsby Walking Track. The town also hosts the annual Peach Festival, celebrating its agricultural heritage and providing entertainment for residents and visitors alike.
Benefits of Bridge Loans in Thorsby, Alabama
