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Navigating the process of buying a new home in Fulton, 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 Fulton, AL or getting it ready for the market.
Identify the new home you want to buy in Fulton, 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 Fulton, 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 Fulton, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fulton, 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 Fulton, 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 Fulton, 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 Fulton, 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 Fulton, 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 quick financing solutions for homebuyers in Fulton, Alabama, bridging the gap between the purchase of a new home and the sale of their existing property. These loans provide flexibility and help avoid potential delays in the home buying process. Demographics: Fulton, Alabama, is a small town with a population of around 300 residents. The majority of the population consists of families and retirees, creating a close-knit community atmosphere. The town boasts a low crime rate and a high-quality school system. Housing Market: The housing market in Fulton, Alabama, is competitive yet offers affordable options for buyers. The median home price is below the national average, making it an attractive location for first-time homebuyers. Bridge loans can be particularly beneficial in this market to secure desirable properties quickly. Main Attractions: Fulton, Alabama, is known for its picturesque views of the surrounding countryside and outdoor recreational activities. The town is in close proximity to natural attractions such as hiking trails, fishing spots, and parks, making it an ideal location for nature enthusiasts and outdoor lovers.
Benefits of Bridge Loans in Fulton, Alabama
