Get Approved at The Lowest Rate
Navigating the process of buying a new home in Woodville, 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 Woodville, AL or getting it ready for the market.
Identify the new home you want to buy in Woodville, 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 Woodville, 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 Woodville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Woodville, 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 Woodville, 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 Woodville, 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 Woodville, 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 Woodville, 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 quick financing solutions for individuals in Woodville, Alabama, looking to purchase a new home while awaiting the sale of their current property. These loans bridge the gap between selling and buying, providing flexibility and ease of transition for homeowners. Demographically, Woodville is a small town nestled in Jackson County, with a population of approximately 750 residents. The community is close-knit, offering a peaceful and serene environment for families and retirees alike. With a low crime rate and affordable cost of living, Woodville attracts those seeking a tranquil lifestyle. In terms of the housing market, Woodville showcases a mix of historic homes and newer constructions, catering to a range of preferences. The median home value in Woodville is $140,000, making it an attractive investment for property buyers. Bridge loans can offer the necessary financial support to secure desirable properties in this competitive market. Woodville boasts various attractions such as the Walls of Jericho, a popular hiking destination with breathtaking views. Additionally, the town is near Cathedral Caverns State Park, offering opportunities for outdoor recreation and exploration. Residents can also enjoy local festivals, farmers markets, and community events that showcase the town's charm and vibrant culture.
Benefits of Bridge Loans in Woodville, Alabama
