Get Approved at The Lowest Rate
Navigating the process of buying a new home in Franklin, 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 Franklin, AL or getting it ready for the market.
Identify the new home you want to buy in Franklin, 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 Franklin, 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 Franklin, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Franklin, 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 Franklin, 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 Franklin, 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 Franklin, 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 Franklin, 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 Franklin, Alabama offer a convenient financing option for homeowners looking to purchase a new home before selling their existing one. These loans provide quick access to funds, bridging the gap between the sale of the current property and the purchase of a new one. Demographically, Franklin, Alabama is a diverse community with a mix of urban and rural areas. The population consists of a blend of different age groups and cultures, creating a vibrant and welcoming atmosphere. The housing market in Franklin, Alabama is currently experiencing steady growth, making it an attractive location for real estate investment. With a strong economy and increasing property values, the market offers ample opportunities for both buyers and sellers. Some of the main attractions in Franklin, Alabama include the stunning natural beauty of the surrounding landscapes, ideal for outdoor enthusiasts. The town also boasts a rich history, with historic sites and museums for residents and visitors to explore.
Benefits of Bridge Loans in Franklin, Alabama
