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Navigating the process of buying a new home in Furman, 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 Furman, AL or getting it ready for the market.
Identify the new home you want to buy in Furman, 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 Furman, 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 Furman, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Furman, 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 Furman, 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 Furman, 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 Furman, 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 Furman, 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 Furman, Alabama offer several advantages for homeowners. They provide quick access to funds for purchasing a new home before selling the current one. This helps avoid the hassle of contingent offers and ensures a seamless transition. Demographics in Furman, Alabama reveal a vibrant community with a mix of residents of different ages and backgrounds. The town has a strong sense of community spirit and offers a safe and welcoming environment for families and individuals alike. The housing market in Furman, Alabama is competitive yet diverse. With a range of properties available, from cozy single-family homes to spacious estates, there is something for every taste and budget. The market is stable, making it an attractive location for both buyers and sellers. Main attractions in Furman, Alabama include the picturesque Furman Lake, where residents can enjoy fishing and boating activities. The town also boasts charming local shops, delicious dining options, and beautiful parks for recreational purposes, making it a delightful place to live and explore.
Benefits of Bridge Loans in Furman, Alabama
