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Navigating the process of buying a new home in Faunsdale, 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 Faunsdale, AL or getting it ready for the market.
Identify the new home you want to buy in Faunsdale, 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 Faunsdale, 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 Faunsdale, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Faunsdale, 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 Faunsdale, 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 Faunsdale, 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 Faunsdale, 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 Faunsdale, 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 Faunsdale, Alabama offer a crucial financial solution for individuals seeking to purchase a new home before selling their current one. These loans provide the flexibility to secure funds quickly and bridge the gap in financing, making it an ideal option for homebuyers in transitional periods. Demographics Faunsdale, Alabama, is a charming small town located in Marengo County with a population of approximately 100 residents. The town boasts a tight-knit community with a mix of families and retirees, creating a peaceful and welcoming atmosphere for residents. The housing market in Faunsdale offers a blend of historic homes and modern properties, catering to a range of preferences. With the median home price below the national average, Faunsdale presents an affordable option for homebuyers looking to invest in a property with character and history. Visitors and residents alike can enjoy exploring the picturesque countryside surrounding Faunsdale, with opportunities for outdoor activities such as fishing, hiking, and birdwatching. The town's historic district, featuring well-preserved architecture and local shops, adds to its unique allure.
Benefits of Bridge Loans in Faunsdale, Alabama
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