Get Approved at The Lowest Rate
Navigating the process of buying a new home in Spanish Fort, 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 Spanish Fort, AL or getting it ready for the market.
Identify the new home you want to buy in Spanish Fort, 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 Spanish Fort, 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 Spanish Fort, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Spanish Fort, 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 Spanish Fort, 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 Spanish Fort, 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 Spanish Fort, 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 Spanish Fort, 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!
A bridge loan in Spanish Fort, Alabama, provides numerous benefits for homebuyers. It offers a temporary financing solution to bridge the gap between selling a current home and buying a new one. This allows buyers to avoid the stress of waiting for their old home to sell before making a purchase, enabling smoother transitions and reducing the risk of missing out on their dream home. Spanish Fort, Alabama boasts a diverse demographic mix, with a population that is well-educated and predominantly white-collar workers. The city offers a high quality of life, with good schools, low crime rates, and a strong sense of community. The median household income is above the national average, reflecting the area's economic stability. The housing market in Spanish Fort, Alabama, is thriving, with a steady increase in property values and a low inventory of homes for sale. This makes it a seller's market, presenting opportunities for those looking to sell their homes quickly and for a good price. Bridge loans can help buyers navigate this competitive market by providing the necessary funds to secure a property. In addition to its robust housing market, Spanish Fort offers a range of appealing attractions, including the Historic Blakeley State Park, Meaher State Park with its stunning nature trails, and the popular 5 Rivers Delta Resource Center, which offers outdoor recreational activities for residents and visitors alike.
Bridge Loans Benefits in Spanish Fort, Alabama
