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Navigating the process of buying a new home in Perdue Hill, 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 Perdue Hill, AL or getting it ready for the market.
Identify the new home you want to buy in Perdue Hill, 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 Perdue Hill, 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 Perdue Hill, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Perdue Hill, 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 Perdue Hill, 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 Perdue Hill, 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 Perdue Hill, 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 Perdue Hill, 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 Perdue Hill, Alabama offer a quick financing solution for individuals looking to purchase a new home before selling their current one. These loans provide immediate funds to cover the down payment or closing costs, enabling seamless transitions between properties. Demographically, Perdue Hill is a small, tight-knit community with a population that values its Southern charm and hospitality. Residents enjoy a peaceful and serene lifestyle, surrounded by nature and traditional architecture. In terms of the housing market, Perdue Hill offers a mix of historic homes and modern constructions, catering to various preferences. The market is relatively stable, with steady appreciation rates, making it an attractive location for both homebuyers and investors. Main attractions in Perdue Hill include the picturesque Perdue Hill Union Church, a historical landmark that showcases the town's rich heritage. Additionally, outdoor enthusiasts can explore the nearby Perdue Hill Hunting Club, offering diverse wildlife and recreational activities.
Benefits of Bridge Loans in Perdue Hill, Alabama
