Bridge Loans: Your Key to Seamless Home Transitions in Geneva, AL

Navigating the process of buying a new home in Geneva, 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.

How Our Bridge Loans Work in Geneva, AL

1

Prepare and List Your Home for Sale

Start by listing your current home for sale in Geneva, AL or getting it ready for the market.

2

Find and Purchase Your New Home

Identify the new home you want to buy in Geneva, AL, make an offer, and reach an agreement with the seller. You can then proceed with the purchase using our bridge loan.

3

Benefit from No Down Payment

Our bridge loan program in Geneva, AL often does not require a down payment, freeing you from the need to come up with additional funds.

4

Sell Your Current Home

After your current home sells, we use the profits in Geneva, AL to pay down the bridge loan balance, including any accrued interest.

5

Refinance to a Permanent Mortgage

Finally, we help you refinance into a traditional permanent mortgage in Geneva, AL. You can choose to roll in all closing costs during this process, potentially requiring no money at the closing table.

Key Benefits of Our Bridge Loan Program

1. No Down Payment Required

Many of our bridge loans in Geneva, AL do not require a down payment, making it easier for you to transition to your new home.

2. Simplified Qualification

You don’t need to qualify for both mortgage payments simultaneously.

3. Deferred Payments

Bridge loan payments in Geneva, AL may be deferred, meaning no payments are due while you are using the bridge loan.

4. No Prepayment Penalties

You can pay off the bridge loan early without any penalties.

Why Choose Horizon Lending Services?

Our bridge loan in Geneva, 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 Geneva, AL to permanent mortgage financing, making the process as smooth as possible for you.

Horizon Lending Services – Your Partner in Home Financing Solutions

Ready to make your move? Contact us today to get started!

Bridge Loans in Geneva, Alabama

Benefits of Bridge Loans: Bridge loans offer quick financing solutions for individuals looking to buy a new property before selling their existing one. They provide temporary funds to bridge the gap between the purchase of a new property and the sale of the current one.

Demographics: Geneva, Alabama, is a charming city with a population of approximately 4,400 residents. The community is known for its friendly atmosphere and strong sense of community spirit. The majority of residents are families with a mix of various age groups.

Housing Market: The housing market in Geneva, Alabama, offers a mix of affordable and upscale properties. The real estate market is stable, making it an attractive location for both first-time homebuyers and investors. Bridge loans can be beneficial in this market to facilitate quick property transactions.

Main Attractions: Geneva, Alabama, is home to beautiful natural attractions, including the Geneva State Forest and the Pea River. The city also boasts a rich history, with historical sites like the Geneva County Courthouse and the Robert Fowler Stone House attracting visitors.

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