Get Approved at The Lowest Rate
Navigating the process of buying a new home in Columbia, 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 Columbia, AL or getting it ready for the market.
Identify the new home you want to buy in Columbia, 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 Columbia, 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 Columbia, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Columbia, 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 Columbia, 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 Columbia, 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 Columbia, 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 Columbia, 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 Columbia, Alabama offer a unique financial solution for homeowners looking to purchase a new home before selling their current one. These loans provide the flexibility to access funds quickly and bridge the gap between buying and selling, avoiding the need for a contingent offer and potential delays. Demographically, Columbia, Alabama, is a small town with a tight-knit community. The population is around X, and the median household income is approximately X. The town is known for its friendly residents and strong sense of community, making it an attractive place to live. The housing market in Columbia, Alabama, is stable with a variety of options available for homebuyers. The median home price is around X, and the market offers a mix of historic homes and newer constructions. With the help of bridge loans, buyers can take advantage of these opportunities without being constrained by the timing of selling their current property. Some of the main attractions in Columbia, Alabama, include the beautiful X Park, known for its scenic trails and picnic spots. The town also boasts a vibrant downtown area with cozy cafes, local shops, and annual festivals that bring the community together. Residents can enjoy the peaceful surroundings while still having access to essential amenities.
Benefits of Bridge Loans in Columbia, Alabama
