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Navigating the process of buying a new home in Estillfork, 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 Estillfork, AL or getting it ready for the market.
Identify the new home you want to buy in Estillfork, 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 Estillfork, 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 Estillfork, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Estillfork, 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 Estillfork, 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 Estillfork, 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 Estillfork, 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 Estillfork, 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 Estillfork, Alabama offer numerous benefits to both buyers and sellers in the real estate market. These short-term loans provide the flexibility to secure a new property before selling an existing one, avoiding the need for contingent offers. Demographically, Estillfork has a population of approximately 500 residents, with a median household income higher than the state average. The area is known for its rural charm, attracting both young families and retirees looking for a peaceful lifestyle. In terms of the housing market, Estillfork presents affordable options for buyers, with a mix of single-family homes and vacant land for development. The market is stable, offering opportunities for investment and growth, making it an attractive location for real estate transactions. Main attractions in Estillfork include the beautiful Estill Fork River, perfect for fishing and kayaking enthusiasts. The area also boasts picturesque hiking trails in the nearby scenic forests, providing endless opportunities for outdoor recreation and relaxation.
Benefits of Bridge Loans in Estillfork, Alabama
