Get Approved at The Lowest Rate
Navigating the process of buying a new home in Saraland, 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 Saraland, AL or getting it ready for the market.
Identify the new home you want to buy in Saraland, 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 Saraland, 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 Saraland, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Saraland, 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 Saraland, 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 Saraland, 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 Saraland, 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 Saraland, 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 Saraland, Alabama offer a flexible financing solution for those looking to purchase a new home before selling their current one. These loans help bridge the gap between the sale of the existing property and the purchase of a new one, avoiding the need for a contingent offer. Demographically, Saraland is a vibrant city in Mobile County, Alabama, with a population of approximately 14,000 residents. Known for its great schools, safe neighborhoods, and strong community spirit, Saraland is an ideal place for families and individuals looking to settle down. The housing market in Saraland is competitive yet offers diverse options for buyers. With a mix of single-family homes, townhouses, and apartments, the real estate market caters to various preferences and budgets. Bridge loans can provide the necessary funds to secure a property in this dynamic market. Some of Saraland's main attractions include the Saraland Sports Complex, offering recreational activities for all ages, and the Saraland Public Library, a hub for learning and community events. Additionally, the city's proximity to Mobile Bay provides opportunities for outdoor enthusiasts and water lovers.
The Benefits of Bridge Loans in Saraland, Alabama
