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Navigating the process of buying a new home in Nanafalia, 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 Nanafalia, AL or getting it ready for the market.
Identify the new home you want to buy in Nanafalia, 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 Nanafalia, 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 Nanafalia, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Nanafalia, 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 Nanafalia, 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 Nanafalia, 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 Nanafalia, 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 Nanafalia, 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 Nanafalia, Alabama offer a valuable financing solution for residents seeking to purchase a new property before selling their existing one. These short-term loans provide financial flexibility by covering the down payment and closing costs of the new home. Nanafalia, Alabama, has a population of approximately 94 residents, with a median household income of $34,688. The area boasts a diverse community, with a rich cultural heritage and a strong sense of community spirit. The housing market in Nanafalia, Alabama, is characterized by affordable home prices and a stable real estate market. The median home value in Nanafalia is $92,500, making it an attractive location for first-time homebuyers and investors. Some of the main attractions in Nanafalia, Alabama, include the Tallawampa Creek and the Nanafalia Baptist Church. The area also offers opportunities for outdoor activities such as hiking, fishing, and birdwatching, making it a perfect place for nature lovers.
Benefits of Bridge Loans in Nanafalia, Alabama
