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Navigating the process of buying a new home in Mobile, 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 Mobile, AL or getting it ready for the market.
Identify the new home you want to buy in Mobile, 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 Mobile, 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 Mobile, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mobile, 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 Mobile, 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 Mobile, 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 Mobile, 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 Mobile, 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 a convenient financing option for individuals looking to buy a new home in Mobile, Alabama while waiting to sell their current property. These loans provide flexibility and quick access to funds, allowing buyers to secure their dream home without delays. Demographically, Mobile is a vibrant city with a diverse population. Known for its rich history and culture, the city attracts a mix of residents from various backgrounds. The real estate market in Mobile is dynamic, catering to a wide range of preferences and budgets. In terms of the housing market, Mobile offers a mix of housing options, from historic Southern mansions to modern condominiums. The market is relatively stable, making it an attractive location for both homebuyers and investors. Bridge loans can help buyers take advantage of opportunities in this competitive market. Main attractions in Mobile include the USS Alabama Battleship Memorial Park, the Mobile Carnival Museum, and the stunning Gulf Coast beaches. Residents and visitors alike can enjoy a variety of cultural events, outdoor activities, and delicious Southern cuisine in this charming city.
The Benefits of Bridge Loans in Mobile, Alabama
