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Navigating the process of buying a new home in Forkland, 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 Forkland, AL or getting it ready for the market.
Identify the new home you want to buy in Forkland, 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 Forkland, 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 Forkland, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Forkland, 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 Forkland, 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 Forkland, 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 Forkland, 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 Forkland, 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 Forkland, Alabama offer a range of benefits for homeowners and buyers. These short-term loans provide quick access to funds for purchasing a new home before selling the current one, aiding in seamless transitions. Forkland, Alabama, located in Greene County, has a population of approximately 600 residents. The town is known for its charming rural setting, friendly community, and rich history, making it an ideal place for those seeking a peaceful and close-knit environment. The housing market in Forkland, Alabama, offers a mix of historic homes and newer properties. With a median home value below the national average, the town presents affordable housing options for both first-time buyers and those looking to relocate to a serene Southern town. Main attractions in Forkland include the Forkland Park and Campground, a popular spot for outdoor enthusiasts offering activities such as camping, fishing, and boating. Additionally, visitors can explore the historic Forkland Community Center and enjoy the annual Forkland Heritage Festival.
Benefits of Bridge Loans in Forkland, Alabama
