Get Approved at The Lowest Rate
Navigating the process of buying a new home in Locust Fork, 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 Locust Fork, AL or getting it ready for the market.
Identify the new home you want to buy in Locust Fork, 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 Locust Fork, 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 Locust Fork, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Locust Fork, 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 Locust Fork, 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 Locust Fork, 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 Locust Fork, 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 Locust Fork, 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 Locust Fork, Alabama provide a valuable financing option for those in need of short-term funding during the transition between the sale of one property and the purchase of another. These loans offer quick access to capital, often with less stringent credit requirements. Demographics: Locust Fork, Alabama, is a charming small town with a population of approximately 1,200 residents. The community is close-knit, offering a peaceful and welcoming atmosphere for families and retirees alike. The town boasts a rich history and a strong sense of community pride. Housing Market: The housing market in Locust Fork, Alabama, is stable, with a mix of historic homes and newer developments. Bridge loans can help buyers take advantage of opportunities in this market by providing the necessary funds to secure a property quickly and compete with other buyers. Main Attractions: Locust Fork is known for its beautiful natural surroundings, including the Locust Fork River and numerous parks and trails for outdoor enthusiasts. The town also hosts community events throughout the year, showcasing local talent and fostering a sense of unity among residents.
Benefits of Bridge Loans in Locust Fork, Alabama
