Get Approved at The Lowest Rate
Navigating the process of buying a new home in Dothan, 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 Dothan, AL or getting it ready for the market.
Identify the new home you want to buy in Dothan, 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 Dothan, 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 Dothan, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Dothan, 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 Dothan, 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 Dothan, 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 Dothan, 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 Dothan, 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 Dothan, Alabama offer a valuable financing option for homebuyers. These short-term loans provide quick access to funds, allowing buyers to secure a new home before selling their existing one. This prevents the need for contingent offers and ensures a smoother transition between properties. Demographics in Dothan, Alabama, show a diverse community with a population of approximately 68,000 residents. The city is known for its strong sense of community and Southern hospitality, making it an attractive place to live for families and individuals alike. The housing market in Dothan, Alabama, is stable, with a range of affordable properties available for buyers. The median home price is around $150,000, making it an ideal location for first-time homebuyers and those looking to invest in real estate. Bridge loans provide flexibility in this market, allowing buyers to act quickly on opportunities. Dothan, Alabama, boasts several main attractions, including the Dothan Area Botanical Gardens, Landmark Park, and the Wiregrass Museum of Art. These cultural and recreational spots offer residents and visitors a chance to explore the city's rich history and natural beauty.
Bridge Loans Benefits in Dothan, Alabama
