Get Approved at The Lowest Rate
Navigating the process of buying a new home in Double Springs, 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 Double Springs, AL or getting it ready for the market.
Identify the new home you want to buy in Double Springs, 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 Double Springs, 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 Double Springs, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Double Springs, 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 Double Springs, 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 Double Springs, 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 Double Springs, 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 Double Springs, 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 valuable financing solution for homebuyers in Double Springs, Alabama. These short-term loans provide the flexibility to secure a new home before selling an existing property, preventing the need for a contingent offer. Double Springs, Alabama, is a charming town with a population of approximately 1,200 residents. The community has a diverse demographic mix, including families, young professionals, and retirees, creating a welcoming and inclusive environment. The housing market in Double Springs is robust, offering a mix of affordable single-family homes and spacious properties with scenic views. With increasing demand and steady appreciation rates, investing in real estate in Double Springs can be a lucrative opportunity for buyers and investors alike. Double Springs boasts several main attractions, including the picturesque Bankhead National Forest, renowned for its hiking trails and outdoor recreational activities. Additionally, the town is home to Lewis Smith Lake, a popular spot for fishing, boating, and water sports, making it a perfect destination for nature enthusiasts and outdoor lovers.
The Benefits of Bridge Loans in Double Springs, Alabama
