Get Approved at The Lowest Rate
Navigating the process of buying a new home in Dauphin Island, 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 Dauphin Island, AL or getting it ready for the market.
Identify the new home you want to buy in Dauphin Island, 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 Dauphin Island, 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 Dauphin Island, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Dauphin Island, 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 Dauphin Island, 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 Dauphin Island, 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 Dauphin Island, 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 Dauphin Island, 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 Dauphin Island, Alabama offer a convenient financing solution for individuals needing quick access to funds for real estate transactions. These short-term loans provide the flexibility to bridge the gap between purchasing a new property and selling an existing one. This can be particularly advantageous in a competitive market where timing is crucial. Dauphin Island is a charming barrier island located off the coast of Alabama, known for its stunning beaches, tranquil atmosphere, and abundant wildlife. The demographics of the island are diverse, with a mix of permanent residents and vacationers seeking a peaceful retreat. The community is tight-knit, and residents often partake in various outdoor activities. The housing market in Dauphin Island is vibrant, offering a mix of vacation homes, waterfront properties, and cozy cottages. With the help of bridge loans, buyers can capitalize on investment opportunities or secure their dream beach house without the stress of traditional financing constraints. The market is dynamic, with properties ranging from historic homes to modern beachfront estates. Some of the main attractions in Dauphin Island include the picturesque Audubon Bird Sanctuary, the Dauphin Island Sea Lab Estuarium, and the serene Dauphin Island Public Beach. Outdoor enthusiasts can enjoy fishing, boating, and bird watching, while history buffs can explore Fort Gaines and other landmarks. The island offers a perfect blend of relaxation and recreation for visitors and residents alike.
The Benefits of Bridge Loans in Dauphin Island, Alabama
