Get Approved at The Lowest Rate
Navigating the process of buying a new home in Phenix City, 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 Phenix City, AL or getting it ready for the market.
Identify the new home you want to buy in Phenix City, 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 Phenix City, 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 Phenix City, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Phenix City, 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 Phenix City, 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 Phenix City, 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 Phenix City, 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 Phenix City, 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 flexible financing option for residents of Phenix City, Alabama. These short-term loans provide quick access to funds, allowing homeowners to purchase a new home before selling their current property. This can be especially beneficial in a competitive real estate market, providing the opportunity to secure a new home without the pressure of a contingency sale. Demographically, Phenix City is a diverse community with a population of approximately 40,000 people. The city boasts a strong sense of community and is known for its friendly residents. The median household income is around $38,000, and the cost of living is lower than the national average, making it an attractive location for those seeking affordable housing options. In terms of the housing market, Phenix City offers a range of properties at varying price points. The real estate market is stable, with steady appreciation rates over the years. The average home price is around $150,000, making homeownership accessible to many residents. Bridge loans can help facilitate the buying process, providing the necessary funds to make a competitive offer in the current market. Phenix City is home to several main attractions, including the Chattahoochee Riverwalk, a scenic trail that runs along the river, offering beautiful views and recreational opportunities. The city also has a vibrant downtown area with shops, restaurants, and cultural events. Additionally, residents can enjoy the Phenix City Amphitheater, which hosts concerts and community gatherings throughout the year.
The Benefits of Bridge Loans in Phenix City, Alabama
