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Navigating the process of buying a new home in Florala, 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 Florala, AL or getting it ready for the market.
Identify the new home you want to buy in Florala, 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 Florala, 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 Florala, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Florala, 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 Florala, 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 Florala, 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 Florala, 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 Florala, 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 offer a valuable solution for homebuyers in Florala by providing short-term financing to bridge the gap between the purchase of a new home and the sale of an existing property. This allows buyers to secure their dream home without being constrained by the timing of selling their current residence. Florala, Alabama, boasts a diverse demographic mix, with a population that values community and a small-town atmosphere. The town is known for its friendly residents, low crime rates, and affordable cost of living, making it an attractive location for families, retirees, and young professionals alike. The housing market in Florala presents a range of opportunities for both buyers and sellers. With a steady demand for housing, properties in Florala offer good value for money compared to larger cities in Alabama. Bridge loans can help buyers seize these opportunities by providing the necessary financial flexibility. Aside from its housing market, Florala also offers a variety of attractions for residents and visitors alike. From beautiful outdoor spaces like Lake Jackson to historical sites such as the Florala State Park, the town provides a rich tapestry of experiences for individuals and families to enjoy.
The Benefits of Bridge Loans in Florala, Alabama
