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Navigating the process of buying a new home in Forest Home, 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 Forest Home, AL or getting it ready for the market.
Identify the new home you want to buy in Forest Home, 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 Forest Home, 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 Forest Home, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Forest Home, 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 Forest Home, 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 Forest Home, 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 Forest Home, 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 Forest Home, 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 Forest Home, Alabama offer a quick and convenient solution for homeowners looking to purchase a new property before selling their current one. These loans provide the flexibility to bridge the financial gap between transactions, avoiding the need to wait for a sale to close. Demographically, Forest Home is a small, close-knit community located in Butler County, Alabama. With a population of approximately 500 residents, it offers a peaceful and tight community feel, making it an ideal place for families and individuals seeking a quiet lifestyle. The housing market in Forest Home is characterized by a mix of traditional single-family homes, historic properties, and some newer developments. With a median home price below the national average, the area presents affordable housing options for both first-time buyers and those looking to upgrade. Main attractions in Forest Home include the beautiful and serene Sherling Lake Park, a popular spot for outdoor activities such as fishing and picnicking. The nearby Conecuh National Forest provides opportunities for hiking, camping, and exploring nature, making it a favorite among residents and visitors alike.
Benefits of Bridge Loans in Forest Home, Alabama
