Get Approved at The Lowest Rate
Navigating the process of buying a new home in Falkville, 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 Falkville, AL or getting it ready for the market.
Identify the new home you want to buy in Falkville, 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 Falkville, 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 Falkville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Falkville, 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 Falkville, 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 Falkville, 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 Falkville, 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 Falkville, 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 Falkville, Alabama provide a valuable financing option for homebuyers needing quick access to funds. These short-term loans offer flexibility during the transition between the sale of one property and the purchase of another. They help avoid timing mismatches by bridging the financial gap. Located in Morgan County, Falkville is a small town with a population of approximately 1,300 residents. The community offers a peaceful atmosphere, ideal for families and retirees. The town boasts a strong sense of community and a low crime rate, making it a safe and welcoming place to live. The housing market in Falkville is a mix of traditional single-family homes and sprawling rural properties. With a median home price below the national average, Falkville offers affordable housing options. Bridge loans can help buyers take advantage of this market by providing quick access to financing. Although a small town, Falkville has some charming attractions to offer. The Jesse Owens Memorial Park & Museum, dedicated to the legendary athlete, is a popular destination. The town also hosts the annual Cotton Pickin' Celebration, a festival that showcases local vendors and entertainment.
Bridge Loans in Falkville, Alabama
