Get Approved at The Lowest Rate
Navigating the process of buying a new home in Higdon, 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 Higdon, AL or getting it ready for the market.
Identify the new home you want to buy in Higdon, 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 Higdon, 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 Higdon, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Higdon, 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 Higdon, 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 Higdon, 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 Higdon, 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 Higdon, 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 Higdon, Alabama provide a convenient financing option for homeowners looking to purchase a new home before selling their current one. This type of loan helps bridge the gap in timing between the sale of the existing property and the purchase of a new one, offering flexibility and financial support during a transitional period. Higdon, Alabama, located in DeKalb County, has a population of approximately 1,100 residents. The community boasts a mix of rural charm and close-knit neighborhoods, making it an ideal place for families and individuals seeking a peaceful living environment with access to nature and outdoor activities. The housing market in Higdon, Alabama, is characterized by a range of single-family homes, from cozy cottages to spacious ranch-style houses. With a median home value below the national average, Higdon offers affordable housing options for first-time buyers and those looking to invest in a quaint southern town.
Benefits of Bridge Loans in Higdon, Alabama
