Get Approved at The Lowest Rate
Navigating the process of buying a new home in Enterprise, 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 Enterprise, AL or getting it ready for the market.
Identify the new home you want to buy in Enterprise, 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 Enterprise, 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 Enterprise, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Enterprise, 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 Enterprise, 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 Enterprise, 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 Enterprise, 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 Enterprise, 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 Enterprise, Alabama offer a crucial financial solution for individuals or businesses requiring short-term financing to bridge the gap between the purchase of a new property and the sale of an existing one. These loans provide flexibility and speed, allowing borrowers to secure funds quickly without lengthy approval processes. Demographics in Enterprise, Alabama, show a diverse population with a mix of age groups and a strong sense of community. The city has a growing economy, with opportunities in sectors like healthcare, education, and military support due to its proximity to Fort Rucker, a prominent Army base. The housing market in Enterprise, Alabama, is dynamic, offering a range of properties from cozy apartments to spacious family homes. With the influx of new residents and businesses, the real estate market is competitive yet affordable, making it an attractive location for both investors and homebuyers. Main attractions in Enterprise, Alabama, include the famous Boll Weevil Monument, symbolizing the city's resilience and innovation in agriculture. Visitors can also enjoy the natural beauty of nearby parks and lakes, as well as cultural events and festivals that showcase the community's vibrant spirit.
Benefits of Bridge Loans in Enterprise, Alabama
