Get Approved at The Lowest Rate
Navigating the process of buying a new home in Trafford, 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 Trafford, AL or getting it ready for the market.
Identify the new home you want to buy in Trafford, 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 Trafford, 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 Trafford, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Trafford, 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 Trafford, 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 Trafford, 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 Trafford, 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 Trafford, 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 Trafford, Alabama offer a convenient way for residents to transition smoothly from one home to another. These short-term loans provide the necessary funds to cover the down payment and closing costs of a new home while waiting for the sale of their current property. This ensures a quicker and easier move without the stress of waiting for the sale of their existing home. Demographically, Trafford is a small town located in Blount County, Alabama, with a population of approximately 600 residents. The town offers a peaceful and close-knit community atmosphere, making it an ideal place for families and individuals seeking a quiet lifestyle in a rural setting. The median household income in Trafford is $48,000, with a majority of residents being homeowners. In terms of the housing market, Trafford, Alabama, offers affordable housing options for both buyers and renters. The median home value in Trafford is $120,000, making it an attractive location for first-time homebuyers and investors. The real estate market in Trafford is stable, with steady growth in property values over the past few years, making it a favorable area for real estate investments. Main attractions in Trafford include the picturesque Locust Fork River, which offers opportunities for fishing, kayaking, and hiking. The town is also home to several parks and recreational facilities, providing residents with ample outdoor activities. Additionally, Trafford is located near the city of Birmingham, allowing easy access to urban amenities while enjoying the tranquility of small-town living.
Benefits of Bridge Loans in Trafford, Alabama
