Get Approved at The Lowest Rate
Navigating the process of buying a new home in Abbeville, 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 Abbeville, AL or getting it ready for the market.
Identify the new home you want to buy in Abbeville, 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 Abbeville, 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 Abbeville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Abbeville, 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 Abbeville, 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 Abbeville, 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 Abbeville, 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 Abbeville, 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 Abbeville, Alabama provide convenient short-term financing options for individuals looking to purchase a new home while awaiting the sale of their current property. These loans offer quick access to funds, allowing borrowers to secure their new home without having to wait for their existing property to sell. Demographically, Abbeville, Alabama is a diverse community with a population that values small-town charm and Southern hospitality. The town is known for its strong sense of community, with residents who take pride in their local heritage and traditions. In terms of the housing market, Abbeville offers a range of housing options to suit various needs and budgets. The market is stable yet affordable, making it an attractive option for first-time homebuyers, families, and retirees looking to settle in a peaceful and picturesque location. Main attractions in Abbeville include Lake Eufaula, one of the largest man-made lakes in the U.S., which offers a variety of recreational activities such as fishing, boating, and camping. Additionally, visitors can explore historic sites like the Abbeville Historic District and enjoy outdoor adventures in the nearby Chattahoochee National Forest.
Benefits of Bridge Loans in Abbeville, Alabama
