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Navigating the process of buying a new home in Daphne, 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 Daphne, AL or getting it ready for the market.
Identify the new home you want to buy in Daphne, 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 Daphne, 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 Daphne, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Daphne, 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 Daphne, 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 Daphne, 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 Daphne, 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 Daphne, 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 Daphne, Alabama offer quick financing solutions for homeowners looking to purchase a new home before selling their existing property. These loans provide flexibility and bridge the gap between the sale of the old property and the purchase of a new one. Daphne, Alabama, a coastal city, has a diverse population with a mix of families, young professionals, and retirees. The city boasts a rich history, vibrant community, and excellent schools, making it an attractive place to live for people of all ages and backgrounds. The housing market in Daphne, Alabama, is robust with a variety of options ranging from single-family homes to waterfront properties. The market is competitive yet offers good opportunities for both buyers and sellers. Bridge loans can provide the necessary financial flexibility to navigate this dynamic market. Main attractions in Daphne include the Historic Malbis Plantation, Daphne Bayfront Park, and the picturesque D'Olive Bay. Residents and visitors can enjoy outdoor activities, cultural events, and the city's charming downtown area, making Daphne a desirable place to call home.
Benefits of Bridge Loans in Daphne, Alabama
