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Navigating the process of buying a new home in Fort Deposit, 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 Deposit, AL or getting it ready for the market.
Identify the new home you want to buy in Fort Deposit, 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 Deposit, 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 Deposit, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fort Deposit, 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 Deposit, 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 Deposit, 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 Deposit, 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 Deposit, 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 Deposit, Alabama offer flexibility and quick access to funds for those looking to bridge the gap between the purchase of a new home and the sale of their existing one. These loans can help buyers secure their dream home without being contingent on the sale of their current property. Demographics Fort Deposit, located in Lowndes County, Alabama, has a population of approximately 1,200 residents. The town has a close-knit community feel with a mix of age groups, including families, young professionals, and retirees. Housing Market The housing market in Fort Deposit offers a range of affordable options for buyers. With a variety of single-family homes, townhouses, and apartments, there is something for everyone. The market is stable, making it a good time to invest in property in the area. Main Attractions Fort Deposit is known for its historical sites, including the Fort Deposit Historic District, which showcases the town's rich heritage. Outdoor enthusiasts can enjoy activities like hiking, fishing, and camping in the nearby Lowndes Wildlife Management Area.
Benefits of Bridge Loans in Fort Deposit, Alabama
