Get Approved at The Lowest Rate
Navigating the process of buying a new home in Boligee, 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 Boligee, AL or getting it ready for the market.
Identify the new home you want to buy in Boligee, 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 Boligee, 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 Boligee, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Boligee, 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 Boligee, 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 Boligee, 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 Boligee, 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 Boligee, 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 a valuable solution for Boligee residents looking to purchase a new property before selling their current one. These short-term loans provide flexibility and quick access to funds, allowing homeowners to bridge the gap between transactions and avoid missed opportunities. They are especially beneficial in competitive real estate markets, providing the financial leverage to secure a new home while waiting for the sale of their existing property. Demographics: Boligee, a charming town in Alabama, boasts a population of approximately 328 residents. The community is characterized by its friendly atmosphere and close-knit neighborhoods. The town's demographics include a mix of age groups, with a strong sense of community pride and engagement among its residents. Housing Market: The housing market in Boligee offers diverse opportunities for homebuyers, with a range of property types available to suit different needs and budgets. The town's real estate market is stable, with steady appreciation rates and a variety of housing options from historic homes to modern developments. Bridge loans are a valuable tool for navigating the local housing market and seizing opportunities as they arise. Main Attractions: Boligee is known for its rich history and beautiful natural surroundings. The town is home to historic landmarks such as the Boligee Historic District, offering a glimpse into its past. Outdoor enthusiasts can enjoy recreational activities in the surrounding countryside, including fishing, hiking, and camping, making Boligee a desirable place to live and explore.
The Benefits of Bridge Loans in Boligee, Alabama
