Get Approved at The Lowest Rate
Navigating the process of buying a new home in Columbiana, 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 Columbiana, AL or getting it ready for the market.
Identify the new home you want to buy in Columbiana, 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 Columbiana, 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 Columbiana, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Columbiana, 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 Columbiana, 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 Columbiana, 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 Columbiana, 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 Columbiana, 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 financial tool for residents in Columbiana, Alabama. These short-term loans provide immediate access to funds for purchasing a new home before selling the current one. This flexibility allows homeowners to avoid missing out on their dream home or facing the inconvenience of temporary housing. Demographics Columbiana, Alabama, is a charming small town with a population of approximately 4,000 residents. The community is known for its friendly atmosphere, strong sense of community, and rich history. The town's demographics consist of a mix of families, young professionals, and retirees, creating a diverse and welcoming environment. The housing market in Columbiana offers a range of options for homebuyers, from historic properties to modern developments. With a growing demand for housing in the area, property values have been steadily increasing, making it an attractive market for both buyers and sellers. Bridge loans can help buyers secure their desired property quickly in this competitive market. Columbiana boasts a variety of attractions, including the Shelby County Museum & Archives, the Heart of Dixie Railroad Museum, and the picturesque Lay Lake. Residents and visitors can enjoy outdoor activities, cultural experiences, and local events that showcase the town's unique charm and heritage.
Benefits of Bridge Loans in Columbiana, Alabama
Housing Market
Main Attractions
