Get Approved at The Lowest Rate
Navigating the process of buying a new home in Decatur, 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 Decatur, AL or getting it ready for the market.
Identify the new home you want to buy in Decatur, 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 Decatur, 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 Decatur, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Decatur, 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 Decatur, 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 Decatur, 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 Decatur, 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 Decatur, 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 convenient financing option for individuals looking to buy a new home before selling their existing property. In Decatur, Alabama, these loans can provide the flexibility and liquidity needed to secure a new home quickly without the pressure of selling the old one first. Decatur, with a population of approximately 55,683, boasts a diverse community with a mix of urban and suburban lifestyles. The city's median household income is $47,199, and the cost of living is relatively affordable compared to other parts of the state, making it an attractive place for investment in real estate. The housing market in Decatur is dynamic, with a median home value of $149,900. The real estate market offers a variety of housing options, from historic homes to modern developments, catering to different preferences and budgets. Bridge loans can help buyers navigate this competitive market and secure their dream home.
The Benefits of Bridge Loans in Decatur, Alabama
