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Navigating the process of buying a new home in Munford, 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 Munford, AL or getting it ready for the market.
Identify the new home you want to buy in Munford, 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 Munford, 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 Munford, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Munford, 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 Munford, 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 Munford, 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 Munford, 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 Munford, 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!
Benefits of Bridge Loans: Bridge loans in Munford, Alabama provide quick access to funding for homeowners purchasing a new home before selling their current one. This can help avoid the stress of timing issues and allows for smoother transition between properties. Demographics: Munford, Alabama has a population of approximately 1,200 residents. The town is known for its tight-knit community feel, with a mix of families and retirees making up the population. The town boasts a strong sense of community pride and involvement. Housing Market: Munford's housing market is stable, with a median home value of $150,000. The market has shown steady growth over the past few years, making it an attractive area for both buyers and sellers. Bridge loans can be particularly useful in a competitive market like Munford. Main Attractions: Munford is known for its beautiful natural surroundings, including Cheaha State Park and Talladega National Forest. Outdoor enthusiasts can enjoy hiking, camping, and fishing in these picturesque locations. The town also hosts local events such as the Munford Easter Parade and the Fall Festival, bringing the community together.
Bridge Loans in Munford, Alabama
