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Navigating the process of buying a new home in Fultondale, 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 Fultondale, AL or getting it ready for the market.
Identify the new home you want to buy in Fultondale, 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 Fultondale, 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 Fultondale, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fultondale, 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 Fultondale, 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 Fultondale, 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 Fultondale, 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 Fultondale, 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 Fultondale, Alabama offer significant benefits to homebuyers. These short-term loans can provide quick and flexible financing, allowing buyers to secure a new property before selling their current one. This ensures a smooth transition without the stress of timing constraints. Demographics Fultondale, Alabama, is a vibrant community with a population that is diverse in age and occupation. The city boasts a strong sense of community spirit and is known for its friendly residents. Families, retirees, and young professionals all find Fultondale to be a welcoming place to call home. Housing Market The housing market in Fultondale, Alabama, is dynamic and offers a range of options to suit different needs and budgets. With a mix of modern developments and charming historic homes, buyers can find the perfect property to match their preferences. The market is stable, making it an attractive investment opportunity. Main Attractions Fultondale, Alabama, is not just a great place to live but also offers excellent attractions. Outdoor enthusiasts can enjoy the nearby Black Creek Park for hiking and picnicking. The city also has a thriving shopping and dining scene, with plenty of local shops and restaurants to explore.
Benefits of Bridge Loans in Fultondale, Alabama
