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Navigating the process of buying a new home in Gordo, 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 Gordo, AL or getting it ready for the market.
Identify the new home you want to buy in Gordo, 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 Gordo, 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 Gordo, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Gordo, 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 Gordo, 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 Gordo, 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 Gordo, 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 Gordo, 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 Gordo, Alabama offer a variety of benefits to residents looking to finance a new home purchase. These short-term loans provide quick access to funds, allowing borrowers to bridge the gap between the sale of their current home and the purchase of a new one. Demographically, Gordo is a small town in Pickens County, Alabama, with a population of approximately 1,700 residents. The town boasts a close-knit community feel, making it an ideal place for families and individuals looking for a peaceful and welcoming environment. The housing market in Gordo, Alabama is relatively stable, with a mix of single-family homes, townhouses, and apartments available for purchase. Bridge loans can help buyers secure the financing they need to make a competitive offer on their dream home, without having to wait for the sale of their current property. Gordo, Alabama offers a range of attractions for residents and visitors alike. From outdoor recreational activities in the nearby Lake Lurleen State Park to exploring the local shops and restaurants in town, there is always something to see and do in Gordo.
Benefits of Bridge Loans in Gordo, Alabama
