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Navigating the process of buying a new home in Cordova, 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 Cordova, AL or getting it ready for the market.
Identify the new home you want to buy in Cordova, 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 Cordova, 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 Cordova, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cordova, 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 Cordova, 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 Cordova, 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 Cordova, 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 Cordova, 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 Cordova, Alabama provide a convenient short-term financing solution for individuals looking to buy a new home before selling their current one. This allows for a smoother transition without the need to wait for the sale of the existing property. Demographics: Cordova, Alabama, has a population of approximately X residents. The town boasts a diverse community, with a mix of families, young professionals, and retirees. The median household income is $X, and the cost of living is affordable compared to larger cities. Housing Market: The housing market in Cordova offers a range of options, from historic homes to modern constructions. The median home price is $X, with a steady appreciation rate over the past few years. Bridge loans can help buyers take advantage of these opportunities without the constraint of a home sale contingency. Main Attractions: Some of the main attractions in Cordova include the beautiful Bankhead National Forest for outdoor enthusiasts, the Alabama Mining Museum for history buffs, and the annual Cordova Bluegrass Festival for music lovers. The town offers a vibrant community with a rich heritage.
Bridge Loans in Cordova, Alabama
