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Navigating the process of buying a new home in Little River, 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 Little River, AL or getting it ready for the market.
Identify the new home you want to buy in Little River, 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 Little River, 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 Little River, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Little River, 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 Little River, 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 Little River, 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 Little River, 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 Little River, 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!
Benefits: Bridge loans in Little River, Alabama offer a convenient financial solution for individuals looking to purchase a new home before selling their current one. Demographics: Little River, Alabama, is a small and tight-knit community with a population that values a peaceful lifestyle. The town is known for its friendly residents and strong sense of community. Housing Market: The housing market in Little River is stable, with a variety of homes available at affordable prices. Bridge loans can help buyers take advantage of these opportunities without missing out due to a delayed home sale. Main Attractions: Little River is surrounded by natural beauty, with attractions such as the Little River Canyon National Preserve and DeSoto State Park offering outdoor enthusiasts plenty of opportunities for recreation and relaxation.
Bridge Loans in Little River, Alabama
