Get Approved at The Lowest Rate
Navigating the process of buying a new home in Fyffe, 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 Fyffe, AL or getting it ready for the market.
Identify the new home you want to buy in Fyffe, 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 Fyffe, 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 Fyffe, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fyffe, 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 Fyffe, 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 Fyffe, 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 Fyffe, 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 Fyffe, 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 immediate funds to bridge the gap between the purchase of a new home and the sale of your current one in Fyffe, Alabama. This allows for a smoother transition without the stress of timing constraints. Demographically, Fyffe, Alabama has a population of approximately 1,018 residents. The town boasts a close-knit community feel with a mix of both young families and retirees, creating a diverse and welcoming environment. In terms of the housing market, Fyffe offers a range of affordable housing options suitable for various needs and preferences. With steady appreciation rates, investing in property in Fyffe is a sound financial decision. Some main attractions in Fyffe include the picturesque DeSoto State Park, known for its stunning waterfalls and hiking trails. Additionally, the annual Fyffe UFO Day draws visitors from far and wide, celebrating the town's quirky and fun-loving spirit.
Benefits of Bridge Loans in Fyffe, Alabama
