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Navigating the process of buying a new home in Gordon, 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 Gordon, AL or getting it ready for the market.
Identify the new home you want to buy in Gordon, 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 Gordon, 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 Gordon, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Gordon, 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 Gordon, 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 Gordon, 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 Gordon, 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 Gordon, 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 Gordon, Alabama offer significant benefits to homebuyers. These short-term loans provide financial flexibility by allowing buyers to purchase a new home before selling their current one. This enables seamless transitions and prevents the need for temporary housing arrangements. ???? Demographics: Gordon, Alabama, is a small town with a population of approximately 330 residents. The community is tight-knit, with a blend of families and retirees. The town offers a peaceful and safe environment, ideal for those seeking a quiet retreat. Housing Market: The housing market in Gordon, Alabama, is stable with a variety of housing options ranging from cozy single-family homes to spacious estates. The median home price is affordable, making it an attractive location for first-time buyers and investors alike. Main Attractions: Gordon boasts beautiful natural surroundings, including scenic parks and trails for outdoor enthusiasts. The town also has historical sites, charming local shops, and restaurants offering a taste of Southern hospitality.
Benefits of Bridge Loans in Gordon, Alabama
