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Navigating the process of buying a new home in Fruitdale, 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 Fruitdale, AL or getting it ready for the market.
Identify the new home you want to buy in Fruitdale, 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 Fruitdale, 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 Fruitdale, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fruitdale, 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 Fruitdale, 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 Fruitdale, 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 Fruitdale, 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 Fruitdale, 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 Fruitdale, Alabama offer numerous benefits to homeowners. They provide a convenient financing option for buying a new home before selling the old one, allowing for seamless transitions. These loans offer flexibility in repayment terms and can help avoid the need for a contingent offer when purchasing a new property. Fruitdale, Alabama, is a small town with a population that has a mix of families and retirees. The community is close-knit, offering a peaceful and quiet lifestyle. The town has a low crime rate and a good school system, making it an ideal place for families looking to settle down. The housing market in Fruitdale, Alabama, is stable, with a variety of housing options available. The median home price is affordable compared to nearby urban areas. Bridge loans can help buyers take advantage of the market conditions and secure their dream home without the stress of selling their current property first. Some main attractions in Fruitdale include the beautiful natural scenery, including parks and hiking trails. The town also hosts community events that bring residents together. With its small-town charm and friendly atmosphere, Fruitdale offers a quality lifestyle for residents of all ages.
Benefits of Bridge Loans in Fruitdale, Alabama
