Get Approved at The Lowest Rate
Navigating the process of buying a new home in Docena, 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 Docena, AL or getting it ready for the market.
Identify the new home you want to buy in Docena, 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 Docena, 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 Docena, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Docena, 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 Docena, 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 Docena, 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 Docena, 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 Docena, 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 Docena, Alabama offer a valuable financial solution for individuals looking to purchase a new home before selling their existing property. These loans provide immediate funds for down payments, enabling buyers to secure their dream homes without the constraints of selling their current residence first. Docena, Alabama, with a population of approximately 610, boasts a close-knit community with a mix of urban and suburban feel. The area is known for its diverse population, with a median age of 38 years and a median household income of $40,000. The housing market in Docena, Alabama, is characterized by affordable home prices and a steady appreciation rate. The median home value is $90,000, making it an attractive location for first-time homebuyers and investors alike. With a low inventory of homes on the market, properties in Docena tend to sell quickly. Some main attractions in Docena include the beautiful Walter S. Barrett Park, offering recreational activities such as hiking and picnicking, and the historical Docena Church of God. Residents also enjoy easy access to nearby shopping centers and restaurants.
Benefits of Bridge Loans in Docena, Alabama
