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Navigating the process of buying a new home in Florence, 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 Florence, AL or getting it ready for the market.
Identify the new home you want to buy in Florence, 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 Florence, 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 Florence, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Florence, 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 Florence, 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 Florence, 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 Florence, 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 Florence, 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 Florence, Alabama offer numerous benefits to both buyers and sellers. These short-term loans provide the flexibility to secure a new property before selling an existing one, bridging the financial gap effectively. They allow buyers to make competitive offers in a fast-paced market and avoid contingencies that could hinder a successful purchase. Florence, Alabama, boasts a diverse demographic mix with a population that values community, culture, and history. The city is known for its rich musical heritage, with landmarks like the W.C. Handy Birthplace preserving the legacy of blues music. The city's residents benefit from a strong sense of pride in their local roots and a welcoming atmosphere for newcomers. The housing market in Florence, Alabama, is characterized by a blend of historic charm and modern amenities. With a range of housing options from historic homes in revitalized neighborhoods to new developments, Florence offers something for everyone. The market is stable, making it an attractive location for both buyers and sellers looking for a strong investment. When in Florence, be sure to visit the beautiful River Heritage Park, where you can enjoy scenic views of the Tennessee River and explore walking trails. For history buffs, the Frank Lloyd Wright Rosenbaum House offers a glimpse into architectural excellence. Additionally, the Florence Indian Mound and Museum provides insight into the area's Native American history.
Bridge Loans in Florence, Alabama
