Get Approved at The Lowest Rate
Navigating the process of buying a new home in Annemanie, 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 Annemanie, AL or getting it ready for the market.
Identify the new home you want to buy in Annemanie, 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 Annemanie, 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 Annemanie, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Annemanie, 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 Annemanie, 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 Annemanie, 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 Annemanie, 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 Annemanie, 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 immediate financing solutions for homebuyers in Annemanie, Alabama, bridging the gap between the purchase of a new home and the sale of an existing property. This allows buyers to secure their dream home without being contingent on the sale of their current one. Annemanie, Alabama, is a charming rural community with a population that values a slower pace of life. The demographics skew towards families and retirees seeking a tranquil environment surrounded by nature, with a strong sense of community and Southern hospitality. The housing market in Annemanie is characterized by a mix of historic homes, modern developments, and spacious rural properties. Bridge loans can help prospective buyers capitalize on opportunities in this diverse market, providing the flexibility and speed needed to secure desirable properties. While in Annemanie, visitors can explore the pristine natural beauty of the area, including Lake Harris, known for its fishing and boating opportunities, and the nearby Choctaw National Wildlife Refuge, a haven for birdwatching and hiking enthusiasts. Additionally, the historic sites like St. Matthews Church offer a glimpse into the area's rich past.
Benefits of Bridge Loans in Annemanie, Alabama
