Get Approved at The Lowest Rate
Navigating the process of buying a new home in Geraldine, 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 Geraldine, AL or getting it ready for the market.
Identify the new home you want to buy in Geraldine, 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 Geraldine, 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 Geraldine, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Geraldine, 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 Geraldine, 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 Geraldine, 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 Geraldine, 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 Geraldine, 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 Geraldine, Alabama offer a convenient financial solution to bridge the gap between the purchase of a new home and the sale of an existing one. This flexibility allows homeowners to move swiftly without waiting for their current property to sell, avoiding the hassle of temporary housing or double mortgage payments. Geraldine, Alabama, is a charming town with a rich community spirit and a diverse population. The town boasts a suburban feel, and the majority of residents own their homes. The area offers a peaceful and family-friendly environment, making it an ideal location for those seeking a close-knit community. The housing market in Geraldine, Alabama, is stable and attractive, with a mix of residential properties ranging from cozy single-family homes to spacious estates. The average home price is competitive, making it an affordable option for first-time buyers and families looking to settle in a welcoming community. Some of the main attractions in Geraldine include the picturesque DeKalb County Public Lake, perfect for outdoor enthusiasts and nature lovers. The town also hosts a variety of local restaurants, shops, and events that showcase the unique southern charm and hospitality of the area.
Benefits of Bridge Loans in Geraldine, Alabama
