Get Approved at The Lowest Rate
Navigating the process of buying a new home in Frisco City, 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 Frisco City, AL or getting it ready for the market.
Identify the new home you want to buy in Frisco City, 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 Frisco City, 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 Frisco City, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Frisco City, 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 Frisco City, 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 Frisco City, 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 Frisco City, 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 Frisco City, 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 Frisco City, Alabama offer numerous benefits for individuals looking to buy a new home before selling their current one. These loans provide quick access to funds, allowing buyers to secure their dream home without waiting for their existing property to sell. Additionally, bridge loans offer flexibility in repayment terms and can be a valuable tool in a competitive real estate market. Demographics: Frisco City has a diverse population with a mix of age groups, including young professionals, families, and retirees. The town boasts a tight-knit community feel and a low crime rate, making it an attractive place to live for people of all backgrounds. Housing Market: The housing market in Frisco City is stable, with a range of housing options available to suit different needs and budgets. The median home price is affordable, making it an ideal location for first-time buyers and those looking to invest in real estate. Bridge loans can help buyers take advantage of the favorable market conditions in Frisco City. Main Attractions: Frisco City offers a variety of attractions for residents and visitors alike. From outdoor activities like hiking and fishing to cultural events and local festivals, there is always something to do in this charming town. The town's proximity to natural attractions and historical sites makes it a desirable location for those who appreciate the great outdoors and a rich cultural heritage.
Benefits of Bridge Loans in Frisco City, Alabama
