Get Approved at The Lowest Rate
Navigating the process of buying a new home in Elba, 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 Elba, AL or getting it ready for the market.
Identify the new home you want to buy in Elba, 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 Elba, 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 Elba, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Elba, 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 Elba, 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 Elba, 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 Elba, 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 Elba, 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 Elba, Alabama offer individuals the flexibility to quickly secure financing for a new home without having to sell their current property first. This can be advantageous in a competitive real estate market, allowing buyers to make strong offers without contingencies. Demographics in Elba, Alabama show a vibrant community with a population that values small-town living. The area boasts a mix of young professionals, families, and retirees, creating a diverse and welcoming environment for residents of all ages. The housing market in Elba, Alabama is characterized by a range of options, from historic homes to modern developments. Property values have been steadily increasing, making it an attractive location for both investors and those looking to settle down in a growing community. Elba, Alabama is known for its rich history and charming downtown area, where residents and visitors can enjoy local shops, restaurants, and cultural events. The city is also near outdoor attractions like the Pea River, providing opportunities for fishing, boating, and hiking.
Benefits of Bridge Loans in Elba, Alabama
