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Navigating the process of buying a new home in Douglas, 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 Douglas, AL or getting it ready for the market.
Identify the new home you want to buy in Douglas, 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 Douglas, 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 Douglas, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Douglas, 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 Douglas, 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 Douglas, 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 Douglas, 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 Douglas, 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 Douglas, Alabama offer a flexible financing solution for homeowners who are looking to purchase a new home before selling their current one. These loans provide quick access to funds, allowing individuals to secure their dream home without the stress of a contingency offer. Demographics: Douglas, Alabama, has a population of approximately 744 residents. The town boasts a tight-knit community with a median household income of $47,150. Residents of Douglas enjoy a suburban rural mix feel with most owning their homes. Housing Market: The housing market in Douglas, Alabama, offers diverse options ranging from cozy single-family homes to spacious estates. The median home value in Douglas is around $121,500, making it an attractive and affordable location for prospective buyers. Main Attractions: Douglas is known for its picturesque outdoor attractions, including the stunning Buck's Pocket State Park, a haven for hiking and camping enthusiasts. Additionally, the town is home to the beautiful High Falls, a popular spot for outdoor recreation and relaxation.
Benefits of Bridge Loans in Douglas, Alabama
