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Navigating the process of buying a new home in Kinston, 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 Kinston, AL or getting it ready for the market.
Identify the new home you want to buy in Kinston, 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 Kinston, 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 Kinston, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Kinston, 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 Kinston, 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 Kinston, 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 Kinston, 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 Kinston, 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 Kinston, Alabama offer a convenient financing option for homeowners looking to bridge the gap between the purchase of a new home and the sale of their current property. These loans provide quick funds to secure a new home without the pressure of selling the existing one immediately. Demographically, Kinston is a small town located in Coffee County, Alabama, with a population of approximately 600 residents. The local community is known for its tight-knit feel and neighborly atmosphere, making it a welcoming place for families and individuals looking for a peaceful living environment. The housing market in Kinston is stable with a mix of historic homes and modern properties. The average home price is affordable, making it an attractive option for first-time buyers and those looking to invest in real estate. Bridge loans play a crucial role in facilitating smooth property transactions in this market. Main attractions in Kinston include the picturesque Kinston Ballpark, where locals gather for baseball games and community events. Additionally, the nearby Geneva State Forest offers hiking trails and camping opportunities for outdoor enthusiasts, adding to the town's charm and recreational appeal.
Benefits of Bridge Loans in Kinston, Alabama
