Bridge Loans: Your Key to Seamless Home Transitions in Kinston, AL

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.

How Our Bridge Loans Work in Kinston, AL

1

Prepare and List Your Home for Sale

Start by listing your current home for sale in Kinston, AL or getting it ready for the market.

2

Find and Purchase Your New Home

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.

3

Benefit from No Down Payment

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.

4

Sell Your Current Home

After your current home sells, we use the profits in Kinston, AL to pay down the bridge loan balance, including any accrued interest.

5

Refinance to a Permanent Mortgage

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.

Key Benefits of Our Bridge Loan Program

1. No Down Payment Required

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.

2. Simplified Qualification

You don’t need to qualify for both mortgage payments simultaneously.

3. Deferred Payments

Bridge loan payments in Kinston, AL may be deferred, meaning no payments are due while you are using the bridge loan.

4. No Prepayment Penalties

You can pay off the bridge loan early without any penalties.

Why Choose Horizon Lending Services?

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.

Horizon Lending Services – Your Partner in Home Financing Solutions

Ready to make your move? Contact us today to get started!

Benefits of Bridge Loans in Kinston, Alabama

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.

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