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Navigating the process of buying a new home in Fruithurst, 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 Fruithurst, AL or getting it ready for the market.
Identify the new home you want to buy in Fruithurst, 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 Fruithurst, 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 Fruithurst, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fruithurst, 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 Fruithurst, 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 Fruithurst, 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 Fruithurst, 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 Fruithurst, 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 offer a quick and convenient financing solution for those looking to purchase a new home before selling their current one in Fruithurst. This type of loan helps bridge the gap between the two transactions, providing the flexibility and funds needed to make a smooth transition. Demographics in Fruithurst, Alabama show a small and close-knit community with a population that values the convenience of a rural setting while still being within commuting distance of larger cities. The town has a mix of young families and retirees, creating a diverse and welcoming environment. The housing market in Fruithurst, Alabama, offers a range of options for potential buyers, from historic homes with character to modern constructions with all the amenities. The market is relatively stable, with affordable prices compared to neighboring areas, making it an attractive location for first-time homebuyers and investors.
Benefits of Bridge Loans in Fruithurst, Alabama
