Get Approved at The Lowest Rate
Navigating the process of buying a new home in Citronelle, 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 Citronelle, AL or getting it ready for the market.
Identify the new home you want to buy in Citronelle, 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 Citronelle, 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 Citronelle, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Citronelle, 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 Citronelle, 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 Citronelle, 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 Citronelle, 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 Citronelle, 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 Citronelle, Alabama offer a flexible financing option for homeowners looking to purchase a new property before selling their current one. These loans provide short-term funding to bridge the gap between the sale of your existing home and the purchase of a new one, helping you avoid the stress of timing challenges. Demographics in Citronelle, Alabama show a population of approximately 4,600 residents. The town offers a tight-knit community feel with a mix of families and retirees. The cost of living is lower than the national average, making it an attractive place for those looking for affordable housing options. In terms of the housing market, Citronelle, Alabama, offers a range of properties from historic homes to modern builds. The market is stable, with steady appreciation rates over the years. Bridge loans can help homeowners take advantage of favorable market conditions and secure their dream home without delay. Main attractions in Citronelle, Alabama, include the iconic Citronelle Depot Museum, dedicated to preserving the town's history, and the nearby Splinter Hill Bog Preserve, a nature lover's paradise. Residents also enjoy local dining spots and community events that showcase the town's charm.
The Benefits of Bridge Loans in Citronelle, Alabama
