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Navigating the process of buying a new home in Fitzpatrick, 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 Fitzpatrick, AL or getting it ready for the market.
Identify the new home you want to buy in Fitzpatrick, 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 Fitzpatrick, 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 Fitzpatrick, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fitzpatrick, 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 Fitzpatrick, 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 Fitzpatrick, 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 Fitzpatrick, 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 Fitzpatrick, 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 Fitzpatrick, Alabama provide a crucial financial lifeline for individuals looking to buy a new home before selling their current one. These short-term loans offer several benefits, including enabling buyers to act quickly in competitive markets, avoiding contingent offers, and providing flexibility in transitioning between properties. Demographics: Fitzpatrick, Alabama, maintains a modest population with a close-knit community feel. The town is known for its diverse residents, including families, young professionals, and retirees, creating a welcoming and inclusive atmosphere for all. Housing Market: The housing market in Fitzpatrick offers a range of options, from charming historic homes to modern developments. With a stable market and competitive prices, bridge loans can help buyers seize opportunities without missing out on their dream home. Main Attractions: Fitzpatrick boasts stunning natural landscapes, including picturesque parks and recreational areas for outdoor enthusiasts. Additionally, the town's cultural scene, local restaurants, and community events provide residents with a vibrant and fulfilling lifestyle.
Benefits of Bridge Loans in Fitzpatrick, Alabama
