Get Approved at The Lowest Rate
Navigating the process of buying a new home in Tuskegee, 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 Tuskegee, AL or getting it ready for the market.
Identify the new home you want to buy in Tuskegee, 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 Tuskegee, 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 Tuskegee, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Tuskegee, 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 Tuskegee, 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 Tuskegee, 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 Tuskegee, 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 Tuskegee, 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 Tuskegee, Alabama offer numerous benefits. They provide quick access to funds, allowing borrowers to bridge the gap between the purchase of a new home and the sale of their current one. This can prevent missed opportunities and reduce the stress of buying a new home before selling the old one. Additionally, bridge loans often have flexible terms and competitive interest rates, making them an attractive financing option for many buyers. Tuskegee, Alabama, has a diverse demographic profile. The city is known for its rich history and cultural heritage, with a population that includes a mix of young professionals, families, and retirees. The community is close-knit, offering a welcoming atmosphere for new residents. The housing market in Tuskegee is dynamic and offers a range of options for buyers. From historic homes with architectural charm to modern developments, there is something for every taste and budget. The market is stable, with steady appreciation in home values, making it a sound investment for those looking to buy property in the area. Some of the main attractions in Tuskegee include the Tuskegee University, a historically black university known for its academic excellence and contributions to the civil rights movement. The Tuskegee Airmen National Historic Site honors the legacy of the famed World War II pilots. Nature lovers can enjoy the serene Tuskegee National Forest, which offers hiking trails and camping opportunities.
Bridge Loans in Tuskegee, Alabama
