Get Approved at The Lowest Rate
Navigating the process of buying a new home in Leesburg, 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 Leesburg, AL or getting it ready for the market.
Identify the new home you want to buy in Leesburg, 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 Leesburg, 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 Leesburg, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Leesburg, 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 Leesburg, 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 Leesburg, 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 Leesburg, 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 Leesburg, 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 Leesburg, Alabama offer quick and flexible financing options for individuals looking to bridge the gap between the purchase of a new property and the sale of an existing one. These loans provide immediate funds to facilitate a smooth transition without the pressure of a tight timeline. Leesburg, Alabama, with a population of approximately 1,027 residents, boasts a charming small-town atmosphere. The town's demographics include a mix of families, retirees, and young professionals, creating a diverse community with a strong sense of unity and pride. In terms of the housing market, Leesburg offers a variety of options ranging from historic homes to modern properties. The market is stable, with steady appreciation rates, making it an attractive location for both first-time homebuyers and investors looking for long-term growth potential. Some of the main attractions in Leesburg include the beautiful Weiss Lake, known for its fishing and recreational activities, as well as the Leesburg Historical Society Museum, which showcases the town's rich history and heritage. Additionally, outdoor enthusiasts can enjoy hiking trails and camping sites in the surrounding natural areas.
Benefits of Bridge Loans in Leesburg, Alabama
