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Navigating the process of buying a new home in Fosters, 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 Fosters, AL or getting it ready for the market.
Identify the new home you want to buy in Fosters, 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 Fosters, 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 Fosters, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fosters, 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 Fosters, 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 Fosters, 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 Fosters, 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 Fosters, 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 Fosters, Alabama offer numerous benefits for individuals looking to buy a new home before selling their current one. These short-term loans provide quick access to funds, allowing for a smoother transition between properties without the stress of timing the sale of one home with the purchase of another. Demographically, Fosters is a charming rural community located in Tuscaloosa County, Alabama. With a population of approximately 2,700 residents, Fosters offers a close-knit community feel while still being within proximity to larger cities like Tuscaloosa. The housing market in Fosters, Alabama, is currently experiencing steady growth, making it an attractive location for homebuyers. The median home value in Fosters is affordable, making it an ideal investment opportunity for those looking to purchase property in a quiet, family-friendly neighborhood. Some main attractions in Fosters include the serene Lake Tuscaloosa, perfect for outdoor activities like fishing and boating. Additionally, the Tannehill Ironworks Historical State Park offers a glimpse into Alabama's industrial past, providing educational and recreational opportunities for residents and visitors alike.
Bridge Loans Benefits in Fosters, Alabama
