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Navigating the process of buying a new home in Edwardsville, 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 Edwardsville, AL or getting it ready for the market.
Identify the new home you want to buy in Edwardsville, 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 Edwardsville, 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 Edwardsville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Edwardsville, 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 Edwardsville, 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 Edwardsville, 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 Edwardsville, 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 Edwardsville, 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 Edwardsville, Alabama offer a flexible financing option for homeowners looking to purchase a new property before selling their current one. This type of loan provides short-term funding to bridge the gap between the sale of the existing property and the purchase of a new one, helping borrowers secure their dream home without the stress of timing their transactions. Demographics in Edwardsville, Alabama, show a diverse community with a mix of young families and retirees. The town boasts a strong sense of community with local events and activities that cater to residents of all ages. The cost of living is reasonable, attracting individuals looking for a peaceful yet vibrant place to call home. The housing market in Edwardsville, Alabama, is competitive yet steady, making it an attractive location for both buyers and sellers. With a range of housing options from cozy starter homes to spacious family residences, there is something for everyone in this thriving market. Bridge loans provide buyers with the flexibility to move quickly and capitalize on favorable opportunities. Main attractions in Edwardsville, Alabama, include beautiful parks, historic sites, and charming downtown areas. Residents can enjoy outdoor adventures, cultural experiences, and a variety of dining and shopping options right at their doorstep. Whether it's exploring nature or attending local festivals, Edwardsville has something for everyone.
Benefits of Bridge Loans in Edwardsville, Alabama
