Get Approved at The Lowest Rate
Navigating the process of buying a new home in Semmes, 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 Semmes, AL or getting it ready for the market.
Identify the new home you want to buy in Semmes, 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 Semmes, 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 Semmes, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Semmes, 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 Semmes, 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 Semmes, 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 Semmes, 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 Semmes, 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 quick and convenient way to finance the purchase of a new property before selling the existing one. In Semmes, Alabama, these loans can be beneficial for individuals looking to upgrade to a larger home or relocate without having to wait for their current property to sell. Demographics in Semmes show a diverse community with a mix of families and professionals. The population is steadily growing, creating opportunities for real estate investment and development. With a median household income higher than the state average, Semmes offers a stable economic environment for homeowners. The housing market in Semmes is competitive yet affordable compared to nearby cities. The average home prices have been steadily increasing, making it a favorable location for property appreciation. Bridge loans provide individuals with the flexibility to secure new homes in this growing market without the pressure of immediate sales. Main Attractions in Semmes, Alabama Situated near Mobile, Semmes offers a peaceful suburban lifestyle while being close to urban amenities. Residents can enjoy outdoor activities at the nearby Municipal Park or explore historical sites like the Semmes Heritage Park. The city's convenient location provides easy access to Gulf Coast beaches and cultural attractions.
The Benefits of Bridge Loans in Semmes, Alabama
