Get Approved at The Lowest Rate
Navigating the process of buying a new home in Jacksonville, 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 Jacksonville, AL or getting it ready for the market.
Identify the new home you want to buy in Jacksonville, 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 Jacksonville, 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 Jacksonville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Jacksonville, 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 Jacksonville, 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 Jacksonville, 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 Jacksonville, 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 Jacksonville, 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!
In Jacksonville, Alabama, bridge loans offer numerous benefits for homebuyers. These short-term loans provide quick financing to purchase a new home before selling the current one, allowing for seamless transitions without the stress of simultaneous transactions. Bridge loans also enable buyers to act swiftly in competitive markets, securing desirable properties with greater ease. Demographically, Jacksonville boasts a diverse population with a median age of 27.8 years. The city has a strong sense of community, making it an excellent location for families and individuals looking to settle down. With a thriving job market and affordable cost of living, Jacksonville appeals to a broad range of residents seeking a high quality of life. The housing market in Jacksonville is dynamic, with a steady increase in property values over the years. Bridge loans play a crucial role in facilitating home purchases, especially for those looking to upgrade or relocate within the city. Low interest rates and flexible terms make bridge loans an attractive option for borrowers in Jacksonville.
Benefits of Bridge Loans in Jacksonville, Alabama
