Get Approved at The Lowest Rate
Navigating the process of buying a new home in Eldridge, 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 Eldridge, AL or getting it ready for the market.
Identify the new home you want to buy in Eldridge, 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 Eldridge, 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 Eldridge, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Eldridge, 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 Eldridge, 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 Eldridge, 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 Eldridge, 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 Eldridge, 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 Eldridge, Alabama offer numerous benefits, allowing individuals to bridge the gap between purchasing a new home and selling their current one. These loans provide financial flexibility, enabling homeowners to fund the purchase of a new property without being contingent on the sale of their existing home. Demographics: Eldridge, Alabama, boasts a diverse population with a strong sense of community. The town is home to a mix of families, young professionals, and retirees. With a low crime rate and affordable cost of living, Eldridge attracts individuals looking for a peaceful setting to call home. Housing Market: The housing market in Eldridge offers a variety of options, from cozy single-family homes to spacious rural properties. The town's real estate market is stable, with affordable prices compared to neighboring areas. Bridge loans can help prospective buyers secure their dream home in this attractive market. Main Attractions: Eldridge is not only known for its tight-knit community but also for its picturesque natural surroundings. Residents can enjoy outdoor activities at the nearby William B. Bankhead National Forest, known for its hiking trails and scenic beauty. Additionally, the town is close to major cities like Birmingham, offering access to urban amenities while still enjoying a peaceful lifestyle.
Benefits of Bridge Loans in Eldridge, Alabama
