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Navigating the process of buying a new home in Fort Davis, 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 Fort Davis, AL or getting it ready for the market.
Identify the new home you want to buy in Fort Davis, 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 Fort Davis, 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 Fort Davis, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fort Davis, 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 Fort Davis, 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 Fort Davis, 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 Fort Davis, 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 Fort Davis, 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 Fort Davis, Alabama offer a reliable financing solution for homeowners looking to purchase a new home before selling their current property. This can prevent the need to rush a sale at a lower price, providing financial flexibility and reducing stress during the transition. Fort Davis, Alabama, boasts a diverse demographic mix with a rich cultural heritage. The population comprises a blend of young professionals, families, and retirees, creating a vibrant community. The town embraces its history while also welcoming newcomers, making it an inclusive and welcoming place to live. The housing market in Fort Davis, Alabama, is a balanced mix of historic homes and modern developments. The real estate prices offer affordability compared to larger cities, making it an attractive location for first-time buyers and investors alike. With quality schools and amenities nearby, the housing market caters to various preferences and budgets. Fort Davis, Alabama, is home to several main attractions that showcase its natural beauty and heritage. Visitors and residents can explore the picturesque landscapes of Chattahoochee National Forest, engage in outdoor activities at Fort Davis Park, and immerse themselves in the local culture at the historic Fort Davis Museum.
Benefits of Bridge Loans in Fort Davis, Alabama
