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Navigating the process of buying a new home in Rockford, 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 Rockford, AL or getting it ready for the market.
Identify the new home you want to buy in Rockford, 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 Rockford, 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 Rockford, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Rockford, 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 Rockford, 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 Rockford, 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 Rockford, 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 Rockford, 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 Rockford, Alabama offer a convenient solution for homebuyers who need to purchase a new home before selling their current one. These short-term loans can help bridge the gap between purchasing a new home and selling the existing one, providing financial flexibility during the transition period. Rockford, Alabama, a charming town with a population of around 450, boasts a close-knit community and a peaceful lifestyle. The demographics of Rockford mainly consist of families and retirees attracted to the town's serene environment and affordable cost of living. The housing market in Rockford, Alabama, is characterized by a mix of historic homes and modern properties. With the median home price below the national average, prospective buyers can find affordable housing options in the area. Bridge loans can help expedite the home buying process and secure desirable properties in Rockford. Main attractions in Rockford include the picturesque Coosa River, ideal for outdoor activities such as fishing and boating. The town also features historical sites like the Three Notch Museum and opportunities for exploring nature at the nearby Coosa Wildlife Management Area.
Benefits of Bridge Loans in Rockford, Alabama
