Get Approved at The Lowest Rate
Navigating the process of buying a new home in Perdido, 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 Perdido, AL or getting it ready for the market.
Identify the new home you want to buy in Perdido, 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 Perdido, 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 Perdido, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Perdido, 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 Perdido, 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 Perdido, 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 Perdido, 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 Perdido, 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 residents of Perdido, Alabama, a unique financial solution by providing funds to bridge the gap between the purchase of a new home and the sale of an existing one. These loans offer flexibility and quick access to cash, making it easier for homeowners to secure their dream home without the stress of timing constraints. Demographics: Perdido, Alabama, boasts a diverse population with a mix of families, retirees, and young professionals. The community enjoys a peaceful rural setting while being close to larger cities like Mobile, offering the best of both worlds. Housing Market: The housing market in Perdido is stable with a range of affordable housing options, from cozy single-family homes to spacious estates. Bridge loans can help residents take advantage of favorable market conditions, allowing them to upgrade or invest in real estate projects. Main Attractions: Perdido offers a wealth of outdoor recreational activities, including hiking in the nearby state parks, fishing in the Perdido River, and exploring historical sites. The community's close-knit vibe and Southern charm make it a desirable place to live and visit.
The Benefits of Bridge Loans in Perdido, Alabama
