Get Approved at The Lowest Rate
Navigating the process of buying a new home in Alexandria, 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 Alexandria, AL or getting it ready for the market.
Identify the new home you want to buy in Alexandria, 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 Alexandria, 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 Alexandria, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Alexandria, 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 Alexandria, 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 Alexandria, 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 Alexandria, 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 Alexandria, 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!
Benefits of Bridge Loans: Bridge loans provide immediate access to funds, bridging the gap between buying a new property before selling an existing one. They offer flexibility, quick approval, and can help avoid the stress of timing constraints. Demographics: Alexandria, Alabama, is a welcoming community with a population of approximately 4,000 residents. The town boasts a mix of young families, professionals, and retirees, creating a diverse and close-knit environment. Housing Market: The housing market in Alexandria offers a range of options, from cozy single-family homes to spacious properties with scenic views. The market is stable, with moderate appreciation rates, making it an attractive location for both homebuyers and investors. Main Attractions: Alexandria is known for its natural beauty, with picturesque parks and outdoor recreational activities. Residents and visitors can enjoy hiking trails, fishing spots, and community events that showcase the town's rich history and charm.
Bridge Loans in Alexandria, Alabama
