Get Approved at The Lowest Rate
Navigating the process of buying a new home in Titus, 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 Titus, AL or getting it ready for the market.
Identify the new home you want to buy in Titus, 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 Titus, 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 Titus, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Titus, 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 Titus, 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 Titus, 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 Titus, 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 Titus, 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 Titus, Alabama, offer a flexible financing option for individuals looking to purchase their new home before selling their existing property. These loans provide quick access to funds, allowing buyers to secure their dream home without having to wait for their current property to sell. This can be especially beneficial in competitive real estate markets where properties move quickly. Demographically, Titus is a quaint town located in Elmore County, Alabama, with a population of around 2,000 residents. The community is known for its friendly atmosphere and strong sense of community. The town offers a mix of rural charm and modern conveniences, making it an ideal place to raise a family or retire in a peaceful setting. In terms of the housing market, Titus offers a diverse range of properties, from historic homes to new construction developments. The average home price in Titus is affordable compared to neighboring cities, making it an attractive option for first-time homebuyers and those looking to upgrade their living space. With the help of bridge loans, buyers can take advantage of these opportunities without waiting for their current home to sell. Some main attractions in Titus include the beautiful Lake Jordan, which offers opportunities for boating, fishing, and relaxing by the water. The town also boasts several parks and recreational facilities, perfect for outdoor enthusiasts. Additionally, Titus is conveniently located near major cities like Montgomery, offering residents access to a wide range of amenities and entertainment options.
Benefits of Bridge Loans in Titus
