Get Approved at The Lowest Rate
Navigating the process of buying a new home in Detroit, 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 Detroit, AL or getting it ready for the market.
Identify the new home you want to buy in Detroit, 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 Detroit, 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 Detroit, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Detroit, 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 Detroit, 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 Detroit, 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 Detroit, 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 Detroit, 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 Detroit, Alabama provide a crucial financial lifeline for individuals and businesses needing short-term funds to bridge the gap between the purchase of a new property and the sale of an existing one. These loans offer flexibility, speed, and convenience, making them ideal for real estate investors and homebuyers looking to seize opportunities quickly. Demographics of Detroit, Alabama reveal a diverse community with a mix of age groups and income levels. The city boasts a vibrant cultural scene with a rich history that is evident in its architecture and landmarks. Residents enjoy a close-knit community feel and access to various amenities including parks, schools, and local businesses. The housing market in Detroit, Alabama is characterized by a mix of historic properties and modern developments. Bridge loans play a vital role in stimulating real estate activity by enabling buyers to secure funding without waiting for lengthy approval processes. This dynamic market presents opportunities for both buyers and sellers looking to capitalize on the city's growth potential.
Benefits of Bridge Loans in Detroit, Alabama
