Get Approved at The Lowest Rate
Navigating the process of buying a new home in Elberta, 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 Elberta, AL or getting it ready for the market.
Identify the new home you want to buy in Elberta, 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 Elberta, 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 Elberta, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Elberta, 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 Elberta, 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 Elberta, 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 Elberta, 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 Elberta, 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 several benefits in Elberta, Alabama. These short-term loans can help homeowners bridge the financial gap between the purchase of a new home and the sale of their current property. They provide flexibility and quick access to funds, allowing individuals to secure their new home without worrying about contingent offers or long waiting periods. Demographically, Elberta is a charming small town in Baldwin County, Alabama. With a population of around 1,650 residents, the community boasts a mix of families, retirees, and young professionals. The town has a close-knit feel and offers a peaceful environment, making it an ideal place for those seeking a slower pace of life. The housing market in Elberta is vibrant, with a range of properties available to suit different preferences and budgets. From quaint historic homes to modern subdivisions, there are options for every taste. The town's real estate market is known for its stability and affordability, making it an attractive destination for both first-time buyers and seasoned investors. Notable attractions in Elberta include the Baldwin County Heritage Museum, where visitors can learn about the area's rich history, and the Elberta German Sausage Festival, a popular annual event that celebrates the town's heritage. Outdoor enthusiasts can also enjoy activities like fishing and boating on nearby Wolf Bay, adding to the town's appeal.
Benefits of Bridge Loans in Elberta, Alabama
