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Navigating the process of buying a new home in Frankville, 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 Frankville, AL or getting it ready for the market.
Identify the new home you want to buy in Frankville, 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 Frankville, 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 Frankville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Frankville, 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 Frankville, 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 Frankville, 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 Frankville, 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 Frankville, 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 Frankville, Alabama offer a convenient financing option for individuals looking to purchase a new home before selling their current one. This type of loan provides flexibility and quick access to funds, allowing buyers to secure their dream home without waiting for their existing property to sell. Demographics in Frankville, Alabama show a close-knit community with a population that values tradition and Southern hospitality. The town is known for its friendly residents and strong sense of community, making it an ideal place to raise a family or retire in a peaceful environment. The housing market in Frankville, Alabama is characterized by a mix of historic properties and modern homes, offering a diverse range of options for prospective buyers. With the help of bridge loans, individuals can take advantage of the current housing market trends and secure a property that meets their needs and preferences. Main attractions in Frankville, Alabama include picturesque parks, quaint downtown shops, and a range of outdoor recreational activities. From hiking trails to local eateries, residents and visitors alike can enjoy the charm and beauty of this small town in Alabama.
Benefits of Bridge Loans in Frankville, Alabama
