Get Approved at The Lowest Rate
Navigating the process of buying a new home in Fairhope, 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 Fairhope, AL or getting it ready for the market.
Identify the new home you want to buy in Fairhope, 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 Fairhope, 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 Fairhope, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fairhope, 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 Fairhope, 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 Fairhope, 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 Fairhope, 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 Fairhope, 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 Fairhope, Alabama, offer numerous benefits to both buyers and sellers in the real estate market. These short-term loans provide quick financing solutions, allowing buyers to secure a new property before selling their existing one. This can prevent them from missing out on their dream home and gives them more time to sell their current property at a better price. Fairhope, Alabama, is a charming city known for its historic roots, beautiful scenery, and active cultural scene. With a population of around 22,000 residents, Fairhope boasts a diverse community with a median household income above the national average. The city's vibrant arts scene, bustling downtown area, and numerous parks make it an attractive location for homebuyers of all ages. The housing market in Fairhope, Alabama, is competitive yet diverse, offering a range of housing options from historic homes to modern developments. The median home value in Fairhope is above the national average, reflecting the city's desirability and strong market demand. Bridge loans provide buyers with the flexibility to act quickly in this competitive market, securing their desired property without the constraints of traditional financing. Some of the main attractions in Fairhope include the Fairhope Pier, a popular spot for fishing and sunset views, as well as the Fairhope Museum of History, which showcases the city's rich cultural heritage. The Fairhope Arts and Crafts Festival, held annually, attracts visitors from across the country with its diverse array of artisanal products and live entertainment.
Bridge Loans in Fairhope, Alabama
