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Navigating the process of buying a new home in Tyler, 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 Tyler, AL or getting it ready for the market.
Identify the new home you want to buy in Tyler, 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 Tyler, 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 Tyler, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Tyler, 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 Tyler, 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 Tyler, 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 Tyler, 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 Tyler, 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 of Bridge Loans: A bridge loan in Tyler, Alabama can provide a short-term financing solution for individuals looking to purchase a new home before selling their current one. This can help avoid the hassle of timing the sale of one property with the purchase of another. Tyler, Alabama is a small town with a population of approximately 5,000 residents. The community is known for its friendly atmosphere and strong sense of community spirit. The housing market in Tyler, Alabama offers a mix of single-family homes, townhouses, and apartments. Prices are affordable compared to nearby cities, making it an attractive option for first-time homebuyers. Popular attractions in Tyler include the beautiful Tyler Park, known for its scenic trails and picnic spots. The town also hosts annual events such as the Tyler Fair, drawing visitors from neighboring towns.
Bridge Loans in Tyler, Alabama
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