Get Approved at The Lowest Rate
Navigating the process of buying a new home in Loxley, 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 Loxley, AL or getting it ready for the market.
Identify the new home you want to buy in Loxley, 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 Loxley, 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 Loxley, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Loxley, 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 Loxley, 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 Loxley, 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 Loxley, 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 Loxley, 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 offer borrowers the flexibility to make a down payment on a new home before selling their existing one, avoiding the need for a contingency offer. This can be advantageous in a competitive market like Loxley, Alabama, where securing a new home quickly is crucial. Located in Baldwin County, Loxley has a population of approximately 2,259 residents. The town boasts a suburban feel and is popular among families due to its highly-rated schools and low crime rates. The median household income in Loxley is $57,365, making it an affordable place to live. The housing market in Loxley is vibrant, with a median home value of $169,800. The market has seen a steady increase in property values, making it a promising investment opportunity. Bridge loans can help buyers take advantage of this growth by allowing them to secure a new home quickly and sell their existing property at the right time. Loxley is known for its charming downtown area, which features local shops, restaurants, and historic sites. The town is also home to the Steelwood Country Club, offering residents access to golf, tennis, and other recreational activities. The nearby Loxley Municipal Park provides ample space for outdoor activities and family-friendly events.
The Benefits of Bridge Loans in Loxley, Alabama
