Get Approved at The Lowest Rate
Navigating the process of buying a new home in Magnolia Springs, 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 Magnolia Springs, AL or getting it ready for the market.
Identify the new home you want to buy in Magnolia Springs, 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 Magnolia Springs, 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 Magnolia Springs, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Magnolia Springs, 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 Magnolia Springs, 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 Magnolia Springs, 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 Magnolia Springs, 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 Magnolia Springs, 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 Magnolia Springs, Alabama offer a flexible financing option for homeowners looking to transition smoothly between the sale of their current home and the purchase of a new one. These short-term loans provide the necessary funds to bridge the gap until the existing property is sold. Demographics: Magnolia Springs, Alabama, is a picturesque town with a population of around 700 residents. The community is known for its small-town charm, friendly neighbors, and strong sense of community spirit. Residents enjoy a peaceful and serene lifestyle surrounded by natural beauty. Housing Market: The housing market in Magnolia Springs offers a mix of historic homes, modern properties, and waterfront residences. With a steady demand for housing, property values have been steadily appreciating, making it an attractive investment opportunity for buyers and sellers alike. Main Attractions: Magnolia Springs is renowned for its beautiful oak-lined streets, scenic river views, and historic landmarks. The town's attractions include the Magnolia River, the Magnolia River Park, and the charming Magnolia Springs Bed & Breakfast, making it a popular destination for tourists and residents alike.
The Benefits of Bridge Loans in Magnolia Springs, Alabama
