Get Approved at The Lowest Rate
Navigating the process of buying a new home in Grand Bay, 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 Grand Bay, AL or getting it ready for the market.
Identify the new home you want to buy in Grand Bay, 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 Grand Bay, 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 Grand Bay, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Grand Bay, 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 Grand Bay, 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 Grand Bay, 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 Grand Bay, 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 Grand Bay, 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 Grand Bay offer a valuable financial solution for homebuyers. These short-term loans bridge the gap between the purchase of a new home and the sale of the existing one, providing financial flexibility and allowing individuals to secure their dream homes without delays. Demographically, Grand Bay boasts a diverse community with a mix of families, retirees, and professionals. The town's population enjoys a peaceful suburban lifestyle with easy access to urban amenities. The median household income is above the national average, contributing to a stable and thriving local economy. The housing market in Grand Bay is characterized by a range of property types, from charming single-family homes to spacious estates. With a growing demand for housing, property values have been steadily appreciating, making it an attractive market for both buyers and sellers. Bridge loans facilitate seamless transactions in this competitive market. Grand Bay offers a variety of attractions for residents and visitors alike. Explore the picturesque Grand Bay National Estuarine Research Reserve, perfect for nature lovers and outdoor enthusiasts. Additionally, the Bellingrath Gardens and Home is a must-visit for its stunning gardens and historical significance, adding to the town's unique charm.
Benefits of Bridge Loans in Grand Bay, Alabama
