Get Approved at The Lowest Rate
Navigating the process of buying a new home in Bayou La Batre, 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 Bayou La Batre, AL or getting it ready for the market.
Identify the new home you want to buy in Bayou La Batre, 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 Bayou La Batre, 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 Bayou La Batre, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bayou La Batre, 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 Bayou La Batre, 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 Bayou La Batre, 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 Bayou La Batre, 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 Bayou La Batre, 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 Bayou La Batre offer a crucial financial lifeline for individuals seeking to purchase a new home before selling their existing one. They provide flexibility by bridging the gap between the sale of the current property and the purchase of a new one, offering convenience and peace of mind to homeowners. Demographically, Bayou La Batre is a vibrant coastal community in Alabama with a rich cultural heritage. Known for its seafood industry and diverse population, the town offers a unique blend of Southern charm and Gulf Coast beauty, making it an attractive place to live and work. The local housing market in Bayou La Batre is competitive yet affordable, making it an ideal location for both first-time homebuyers and seasoned investors. With a range of housing options available, from waterfront properties to cozy neighborhoods, there is something for everyone in this charming town. Some of the main attractions in Bayou La Batre include the Alabama Coastal Birding Trail, the historic Bayou La Batre Community Center, and the annual Taste of the Bayou festival. These attractions showcase the town's natural beauty, community spirit, and culinary delights, making it a wonderful place to call home.
The Benefits of Bridge Loans in Bayou La Batre, Alabama
