Get Approved at The Lowest Rate
Navigating the process of buying a new home in Orange Beach, 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 Orange Beach, AL or getting it ready for the market.
Identify the new home you want to buy in Orange Beach, 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 Orange Beach, 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 Orange Beach, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Orange Beach, 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 Orange Beach, 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 Orange Beach, 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 Orange Beach, 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 Orange Beach, 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 Orange Beach, Alabama offer a flexible financing option for homeowners looking to purchase a new property before selling their existing one. This type of loan provides short-term funds to bridge the gap between the purchase of a new home and the sale of the current one. It allows borrowers to make a competitive offer on a new property without being contingent on the sale of their old home. The demographics of Orange Beach, Alabama, cater to a wide range of residents. With a population of approximately 6,000, the city attracts both young professionals and retirees looking to enjoy the coastal lifestyle. The city's proximity to the Gulf of Mexico makes it a desirable location for those seeking a beachfront community with a laid-back vibe. The housing market in Orange Beach is vibrant and offers a mix of residential properties, from cozy beach cottages to upscale waterfront homes. The market has seen steady growth in recent years, making it an attractive investment opportunity for both homebuyers and property investors. Bridge loans can help buyers take advantage of favorable market conditions by providing them with the necessary financing to secure their dream home. Orange Beach boasts a variety of main attractions that appeal to residents and visitors alike. The city is known for its beautiful white sandy beaches, world-class fishing opportunities, and vibrant culinary scene. Popular attractions include the Orange Beach Waterfront Park, The Wharf entertainment complex, and the stunning Gulf State Park. Residents can also enjoy outdoor activities such as boating, kayaking, and hiking in the picturesque coastal surroundings.
Benefits of Bridge Loans in Orange Beach, Alabama
