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Navigating the process of buying a new home in Fort Payne, 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 Payne, AL or getting it ready for the market.
Identify the new home you want to buy in Fort Payne, 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 Payne, 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 Payne, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fort Payne, 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 Payne, 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 Payne, 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 Payne, 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 Payne, 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 offer numerous benefits for homeowners in Fort Payne, Alabama. They provide a temporary financing solution to bridge the gap between the purchase of a new home and the sale of an existing one. This allows homeowners to secure their new property without being burdened by the need to sell their current home quickly. Fort Payne, Alabama, is a charming city with a population that reflects a mix of different age groups, from young families to retirees. The area boasts a low cost of living compared to the national average, making it an attractive destination for individuals seeking affordable housing options and a high quality of life. The housing market in Fort Payne is stable and offers a diverse range of properties to suit various preferences and budgets. With a steady demand for homes, investing in real estate in this area can be a promising venture. Bridge loans can facilitate the process of buying and selling homes in this competitive market. Some of the main attractions in Fort Payne include the Little River Canyon National Preserve, a haven for outdoor enthusiasts with its scenic views and hiking trails. The city is also known for the DeSoto State Park, a popular spot for camping, fishing, and enjoying nature. Additionally, Fort Payne is home to the Alabama Band Fan Club and Museum, celebrating the music of the renowned band.
Benefits of Bridge Loans in Fort Payne, Alabama
