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Navigating the process of buying a new home in Fort Mitchell, 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 Mitchell, AL or getting it ready for the market.
Identify the new home you want to buy in Fort Mitchell, 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 Mitchell, 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 Mitchell, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fort Mitchell, 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 Mitchell, 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 Mitchell, 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 Mitchell, 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 Mitchell, 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 Mitchell, Alabama provide a crucial financing option for homeowners looking to purchase a new property before selling their current one. These loans offer short-term funding to cover the transition period, allowing for a smooth transition without the need to wait for the sale of the existing property. Fort Mitchell, Alabama, a charming town with a population of approximately 4,000 residents, boasts a diverse demographic mix, including young families, professionals, and retirees. The town offers a close-knit community feel with excellent schools, making it an ideal location for families looking to settle down. The housing market in Fort Mitchell is robust, with a mix of historic homes, new developments, and rural properties. The median home value in Fort Mitchell is competitive, making it an attractive option for both first-time buyers and investors. With the help of bridge loans, buyers can take advantage of the opportunities in the local real estate market. Some of the main attractions in Fort Mitchell include the Russell County Sportsplex, perfect for sports enthusiasts, and the beautiful Lake Harding for outdoor recreational activities. The town also offers a variety of dining options, shopping centers, and parks, ensuring residents have access to everything they need.
Benefits of Bridge Loans in Fort Mitchell, Alabama
