Get Approved at The Lowest Rate
Navigating the process of buying a new home in Selma, 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 Selma, AL or getting it ready for the market.
Identify the new home you want to buy in Selma, 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 Selma, 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 Selma, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Selma, 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 Selma, 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 Selma, 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 Selma, 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 Selma, 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 Selma, Alabama offer numerous benefits to individuals seeking short-term financing solutions for real estate transactions. These loans provide quick access to funds, allowing borrowers to bridge the gap between the purchase of a new property and the sale of an existing one. They are especially useful in competitive markets where quick decisions and fast closings are key to securing the desired property. Selma, Alabama, with a population of approximately 19,000 people, boasts a rich historical heritage. Known for its pivotal role in the Civil Rights Movement, Selma attracts visitors interested in history and cultural experiences. The city's diverse population and vibrant community make it an attractive place to live and invest in real estate. The housing market in Selma, Alabama, offers various opportunities for both homebuyers and investors. With a median home value below the national average, Selma presents affordable housing options. Additionally, the city's real estate market has shown stability and moderate growth, making it a favorable environment for property investments. Main attractions in Selma include the iconic Edmund Pettus Bridge, a significant landmark in the Civil Rights Movement. Visitors can explore museums, such as the National Voting Rights Museum, to learn about Selma's history. The city also offers recreational activities along the Alabama River and opportunities to immerse in its vibrant arts and culture scene.
Bridge Loans in Selma, Alabama
