Get Approved at The Lowest Rate
Navigating the process of buying a new home in Dadeville, 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 Dadeville, AL or getting it ready for the market.
Identify the new home you want to buy in Dadeville, 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 Dadeville, 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 Dadeville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Dadeville, 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 Dadeville, 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 Dadeville, 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 Dadeville, 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 Dadeville, 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 Dadeville offer a vital financial solution for homeowners looking to purchase a new home before selling their current one. These loans provide temporary funding to bridge the gap between the sale of the existing property and the purchase of a new one, allowing for a smoother transition without the need for a contingency offer. Demographically, Dadeville, Alabama, boasts a diverse population with a strong sense of community. The town is known for its friendly residents, low crime rates, and excellent school systems, making it an ideal location for families and individuals alike looking to settle down in a welcoming environment. In terms of the housing market, Dadeville offers a variety of housing options ranging from historic homes to modern developments. The market is competitive yet stable, with steady appreciation rates. Bridge loans provide homeowners with the flexibility to capitalize on favorable market conditions without being tied down by the limitations of traditional financing. Some main attractions in Dadeville include the picturesque Lake Martin, a popular spot for boating and watersports enthusiasts. The town also features charming local shops, restaurants, and outdoor recreational opportunities, making it a desirable destination for both residents and visitors seeking a relaxing yet vibrant lifestyle.
Benefits of Bridge Loans in Dadeville, Alabama
