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Navigating the process of buying a new home in Ardmore, 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 Ardmore, AL or getting it ready for the market.
Identify the new home you want to buy in Ardmore, 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 Ardmore, 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 Ardmore, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ardmore, 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 Ardmore, 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 Ardmore, 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 Ardmore, 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 Ardmore, 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 Ardmore, Alabama offer a flexible financing option for homebuyers, allowing them to purchase a new home before selling their current one. This can prevent the need for temporary housing and streamline the moving process. Demographics Ardmore, Alabama, has a diverse demographic profile with a mix of young families and retirees. The town has a close-knit community feel and offers various amenities to cater to different age groups, making it an attractive place to live for many. Housing Market Information The housing market in Ardmore, Alabama, is stable and has shown consistent growth over the past few years. With a range of housing options from cozy single-family homes to spacious estates, there is something for everyone in this vibrant market. Main Attractions Ardmore boasts scenic natural beauty, with parks and trails for outdoor enthusiasts. Additionally, the town has a rich historical background, with museums and cultural centers that offer insight into its past. The local dining scene and shopping districts provide residents with numerous entertainment options.
Bridge Loans in Ardmore, Alabama
