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Navigating the process of buying a new home in Lester, 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 Lester, AL or getting it ready for the market.
Identify the new home you want to buy in Lester, 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 Lester, 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 Lester, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lester, 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 Lester, 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 Lester, 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 Lester, 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 Lester, 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 Lester, Alabama offer numerous benefits for homebuyers. They provide short-term financing to bridge the gap between the purchase of a new home and the sale of the current one, allowing buyers to secure their dream home without being contingent on selling their existing property. Demographically, Lester is a small town in Limestone County, Alabama, with a population of approximately 1100 residents. The town boasts a tight-knit community feel and a low crime rate, making it an ideal location for families and retirees looking for a peaceful place to call home. The housing market in Lester, Alabama, is characterized by a mix of single-family homes and spacious properties with large yards. Home prices in Lester are relatively affordable compared to nearby urban areas, making it an attractive option for those seeking a quieter lifestyle without sacrificing amenities. Main attractions in Lester include the Lester Memorial United Methodist Church, known for its historic architecture and community events. The town also offers access to outdoor activities such as hiking, fishing, and camping in the nearby Wheeler National Wildlife Refuge, providing residents with ample opportunities for recreation and relaxation.
Benefits of Bridge Loans in Lester, Alabama
