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Navigating the process of buying a new home in Flat Rock, 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 Flat Rock, AL or getting it ready for the market.
Identify the new home you want to buy in Flat Rock, 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 Flat Rock, 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 Flat Rock, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Flat Rock, 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 Flat Rock, 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 Flat Rock, 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 Flat Rock, 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 Flat Rock, 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 Flat Rock, Alabama offer numerous benefits for homeowners. These short-term loans provide quick financing for purchasing a new property before selling an existing one. They help avoid missing out on buying opportunities and bridge the gap in financing seamlessly. Flat Rock, Alabama, a charming town nestled in Jackson County, boasts a population of approximately 350 residents. The community is known for its tight-knit atmosphere, low crime rates, and excellent school systems, making it an ideal location for families looking to settle down. The housing market in Flat Rock, Alabama, is vibrant and diverse. With a mix of historic homes and modern developments, there is something for everyone. The median home value in Flat Rock is $167,000, making it an affordable option for prospective homeowners seeking to invest in this picturesque town. Some of the main attractions in Flat Rock include Little River Canyon National Preserve, a stunning natural gem offering hiking trails, waterfalls, and breathtaking views. Additionally, the nearby DeSoto State Park provides opportunities for camping, fishing, and other outdoor activities, making it a popular destination for nature enthusiasts.
Benefits of Bridge Loans in Flat Rock, Alabama
