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Navigating the process of buying a new home in Gurley, 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 Gurley, AL or getting it ready for the market.
Identify the new home you want to buy in Gurley, 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 Gurley, 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 Gurley, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Gurley, 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 Gurley, 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 Gurley, 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 Gurley, 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 Gurley, 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 offer a short-term financing solution for individuals in Gurley, Alabama, who are looking to purchase a new home before selling their existing one. These loans provide the flexibility to make a quick purchase while waiting for the sale of their current property, avoiding the need for a contingency clause in the offer. Demographically, Gurley has a population of approximately 800 residents and is known for its small-town charm and community feel. The median household income is around $60,000, with a mix of families and retirees making up the majority of the population. In terms of the housing market, Gurley offers a range of property options from single-family homes to larger estates, with a median home value of $250,000. The market is stable, with a slight appreciation in property values over the past few years, making it an attractive investment opportunity for buyers. Main attractions in Gurley include the historic Gurley Town Hall, the nearby Cathedral Caverns State Park, and the picturesque Keel Mountain offering hiking and outdoor recreation opportunities for residents and visitors alike.
Benefits of Bridge Loans in Gurley, Alabama
