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Navigating the process of buying a new home in River Falls, 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 River Falls, AL or getting it ready for the market.
Identify the new home you want to buy in River Falls, 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 River Falls, 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 River Falls, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in River Falls, 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 River Falls, 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 River Falls, 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 River Falls, 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 River Falls, 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 River Falls, Alabama offer a convenient short-term financing solution for homebuyers, allowing them to bridge the gap between the purchase of a new home and the sale of their current one. This ensures a smoother transition without the need for a contingency clause, making the buying process less stressful. Demographically, River Falls boasts a population of approximately 1,500 residents, making it a close-knit community with a strong sense of belonging. The town is known for its friendly atmosphere and welcoming nature, making it an ideal place to raise a family or enjoy a peaceful retirement. In terms of the housing market, River Falls offers a range of housing options to suit various preferences and budgets. From charming single-family homes to spacious waterfront properties, the market is diverse and caters to different needs. The availability of bridge loans further enhances the flexibility and accessibility of the housing market in the area. Main attractions in River Falls include the picturesque River Falls Park, a popular spot for picnics, hiking, and enjoying the beautiful scenery. The town also boasts historical sites such as the Old Mill Museum, providing visitors with insight into the area's rich heritage and culture.
Benefits of Bridge Loans in River Falls, Alabama
