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Navigating the process of buying a new home in Ider, 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 Ider, AL or getting it ready for the market.
Identify the new home you want to buy in Ider, 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 Ider, 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 Ider, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ider, 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 Ider, 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 Ider, 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 Ider, 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 Ider, 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 Ider, Alabama offer a convenient and flexible financing solution for homeowners looking to buy a new house before selling their current one. These loans bridge the gap between the sale of the existing property and the purchase of a new one, providing funds for the down payment and closing costs. Demographically, Ider, Alabama is a small town with a tight-knit community. The population is around 800 people, creating a friendly and welcoming environment for residents. The town is known for its peaceful surroundings and a lower cost of living compared to larger cities, making it an attractive place to call home. The housing market in Ider, Alabama is stable with a mix of affordable single-family homes and picturesque rural properties. Bridge loans can help buyers take advantage of the favorable market conditions and secure their dream home without the stress of selling their current property first. Ider, Alabama, offers a range of attractions for residents and visitors to enjoy. From outdoor activities like hiking in the nearby DeSoto State Park to exploring the local shops and restaurants, there is something for everyone in this charming town. The strong sense of community and beautiful natural surroundings make Ider a desirable place to live.
Benefits of Bridge Loans in Ider, Alabama
