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Navigating the process of buying a new home in Bon Secour, 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 Bon Secour, AL or getting it ready for the market.
Identify the new home you want to buy in Bon Secour, 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 Bon Secour, 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 Bon Secour, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bon Secour, 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 Bon Secour, 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 Bon Secour, 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 Bon Secour, 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 Bon Secour, 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 Bon Secour, Alabama provide a convenient financing option for homeowners looking to purchase a new home before selling their existing one. They offer short-term financial assistance to bridge the gap between the sale of the old property and the purchase of a new one, allowing for a smoother transition without the need to rush the selling process. Demographics: Bon Secour is a charming rural community located in Baldwin County, Alabama. With a population of approximately 1,300 residents, the area boasts a close-knit community feel and a rich cultural history. Housing Market: The housing market in Bon Secour offers a mix of historic homes and newer developments. The median home price in the area is around $250,000, making it an affordable option for those looking to settle down in a peaceful coastal town. Main Attractions: Bon Secour is known for its beautiful beaches, such as the Bon Secour National Wildlife Refuge, a haven for birdwatchers and nature enthusiasts. The area also offers great seafood dining options and recreational activities like fishing and kayaking, making it a popular destination for tourists and locals alike.
Benefits of Bridge Loans in Bon Secour, Alabama
