Get Approved at The Lowest Rate
Navigating the process of buying a new home in Eufaula, 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 Eufaula, AL or getting it ready for the market.
Identify the new home you want to buy in Eufaula, 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 Eufaula, 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 Eufaula, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Eufaula, 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 Eufaula, 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 Eufaula, 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 Eufaula, 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 Eufaula, 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 Eufaula, Alabama offer a flexible financing option for homebuyers. These short-term loans can bridge the gap between purchasing a new home before selling the current one, providing financial flexibility and speed in real estate transactions. Eufaula, Alabama, is a charming city with a population that reflects a diverse community. The demographics show a mix of age groups, with a significant number of families and retirees. The city's rich history and Southern hospitality make it an attractive place to live. The housing market in Eufaula, Alabama, offers a range of options for potential buyers. With a variety of single-family homes, townhouses, and waterfront properties, there is something for everyone. The market is stable, with moderate price appreciation and ample opportunities for investment. Some of the main attractions in Eufaula include the historic Seth Lore and Irwinton Historic District, showcasing beautiful antebellum homes. Lake Eufaula, also known as Walter F. George Lake, offers outdoor recreational activities like fishing and boating. The city's downtown area features quaint shops and restaurants, adding to its small-town charm.
Bridge Loans Benefits in Eufaula, Alabama
