Get Approved at The Lowest Rate
Navigating the process of buying a new home in Tuscaloosa, 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 Tuscaloosa, AL or getting it ready for the market.
Identify the new home you want to buy in Tuscaloosa, 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 Tuscaloosa, 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 Tuscaloosa, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Tuscaloosa, 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 Tuscaloosa, 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 Tuscaloosa, 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 Tuscaloosa, 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 Tuscaloosa, 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 a flexible financing option for homebuyers in Tuscaloosa, Alabama, allowing them to secure funds for a new home purchase before selling their current property. This can help in avoiding the stress of timing issues often associated with buying and selling homes simultaneously. Demographically, Tuscaloosa is a vibrant city known for its youthful population due to being the home of the University of Alabama. The city offers a diverse community with a mix of students, professionals, and families, creating a dynamic and welcoming environment. The housing market in Tuscaloosa is characterized by a range of options, from historic homes in neighborhoods like the University of Alabama to modern developments in suburban areas. The market is generally stable, with steady appreciation rates, making it an attractive location for both homeowners and investors. Some main attractions in Tuscaloosa include the Paul W. Bryant Museum, dedicated to the legendary University of Alabama football coach, beautiful outdoor spaces like the Tuscaloosa Riverwalk, and a vibrant arts and cultural scene that includes galleries, theaters, and music venues.
The Benefits of Bridge Loans in Tuscaloosa, Alabama
