Get Approved at The Lowest Rate
Navigating the process of buying a new home in Flomaton, 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 Flomaton, AL or getting it ready for the market.
Identify the new home you want to buy in Flomaton, 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 Flomaton, 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 Flomaton, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Flomaton, 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 Flomaton, 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 Flomaton, 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 Flomaton, 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 Flomaton, 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 Flomaton, Alabama offer a quick and flexible financing option for individuals looking to purchase a new home before selling their existing one. These loans help bridge the gap between the sale of the old property and the purchase of the new one, providing temporary funds to cover the down payment and closing costs. Demographically, Flomaton is a small town in Escambia County, Alabama, with a population of around 1,500 residents. The town has a close-knit community feel, with a mix of families and retirees. The cost of living is lower than the national average, making it an attractive option for those looking to settle down in a peaceful and affordable environment. The housing market in Flomaton offers a variety of options, from historic Southern-style homes to modern properties. The median home price is below the national average, making it an ideal location for first-time homebuyers or those looking to invest in real estate. With the help of bridge loans, buyers can take advantage of the competitive market and secure their dream home quickly. Some main attractions in Flomaton include the Old Depot Museum, which showcases the town's history and railroad heritage, as well as the nearby Perdido River for outdoor activities like fishing and kayaking. The town also hosts various community events throughout the year, bringing residents together and creating a vibrant local culture.
Benefits of Bridge Loans in Flomaton, Alabama
