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Navigating the process of buying a new home in Ryland, 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 Ryland, AL or getting it ready for the market.
Identify the new home you want to buy in Ryland, 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 Ryland, 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 Ryland, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ryland, 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 Ryland, 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 Ryland, 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 Ryland, 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 Ryland, 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 Ryland, Alabama offer numerous benefits to both buyers and sellers. These short-term loans provide buyers with the flexibility to purchase a new home before selling their existing one, preventing the need for a contingency offer. This can give buyers a competitive edge in a fast-paced real estate market like Ryland. Ryland, Alabama, boasts a diverse population with a mix of families, young professionals, and retirees. The town has a strong sense of community, with local events and activities that bring residents together. The median household income in Ryland is above the national average, indicating a stable economic environment. The housing market in Ryland is dynamic, with a steady demand for homes driven by its growing population. The median home price in Ryland is affordable compared to neighboring areas, making it an attractive option for first-time homebuyers and investors. The market offers a mix of single-family homes, townhouses, and apartments to cater to different preferences. Main attractions in Ryland include its proximity to outdoor recreation such as hiking trails, parks, and lakes. The town is also known for its charming downtown area, featuring local shops, restaurants, and cultural venues. Ryland's location offers easy access to nearby cities for additional entertainment and employment opportunities.
Benefits of Bridge Loans in Ryland, Alabama
