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Navigating the process of buying a new home in Dora, 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 Dora, AL or getting it ready for the market.
Identify the new home you want to buy in Dora, 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 Dora, 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 Dora, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Dora, 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 Dora, 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 Dora, 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 Dora, 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 Dora, 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 provide a short-term financing option for homeowners looking to purchase a new home before selling their existing one. This allows for easier transition without being trapped in a housing limbo. Demographics: Dora, Alabama, has a population of approximately 2,000 residents. The median age is 39, and the median household income is $46,000. The town has a strong sense of community with a mix of families and retirees. Housing Market: In Dora, the housing market is stable with a median home value of $120,000. The market is favorable for buyers and sellers, making it an attractive location for real estate investment. Main Attractions: Some main attractions in Dora include the Dora Municipal Pool, the Dora Public Library, and the nearby Bankhead National Forest, offering residents and visitors recreational activities in a serene natural setting.
Benefits of Bridge Loans in Dora, Alabama
