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Navigating the process of buying a new home in Opelika, 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 Opelika, AL or getting it ready for the market.
Identify the new home you want to buy in Opelika, 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 Opelika, 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 Opelika, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Opelika, 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 Opelika, 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 Opelika, 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 Opelika, 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 Opelika, 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 Opelika, Alabama offer numerous advantages to both individuals and businesses. These short-term loans provide quick financing to bridge the gap between the purchase of a new property and the sale of an existing one. One of the key benefits is the ability to access funds quickly, allowing borrowers to seize investment opportunities without waiting for their current property to sell. Demographically, Opelika boasts a diverse population with a mix of young professionals, families, and retirees. The city's strategic location near Auburn University attracts students and academics, creating a vibrant and dynamic community. Along with a low cost of living compared to the national average, Opelika offers an attractive environment for individuals and families looking to settle down. As for the housing market, Opelika presents a promising landscape for both buyers and sellers. The city has experienced steady growth in property values, making it an attractive location for real estate investments. With a range of residential options from historic homes to modern developments, Opelika provides diverse choices for homebuyers at different price points. Main attractions in Opelika include the quaint downtown area with its unique shops and restaurants, as well as the beautiful Opelika Historic District showcasing the city's rich heritage. Nature lovers can explore the picturesque Chewacla State Park offering hiking trails, camping sites, and a stunning waterfall, while golf enthusiasts can enjoy world-class courses like Grand National Golf Course.
Benefits of Bridge Loans in Opelika, Alabama
