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Navigating the process of buying a new home in Vandiver, 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 Vandiver, AL or getting it ready for the market.
Identify the new home you want to buy in Vandiver, 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 Vandiver, 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 Vandiver, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Vandiver, 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 Vandiver, 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 Vandiver, 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 Vandiver, 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 Vandiver, 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 Vandiver, Alabama offer a flexible financing option for individuals looking to purchase a new home before selling their current one. These loans provide the funds necessary to bridge the gap between the sale of your existing home and the purchase of a new one, preventing homeowners from missing out on their dream home due to timing constraints. Vandiver, Alabama, a charming rural community, boasts a population of approximately 1,700 residents. The area is known for its tranquil setting, friendly neighborhoods, and strong sense of community. The cost of living in Vandiver is relatively low compared to nearby urban areas, making it an attractive option for those seeking a slower pace of life. The housing market in Vandiver offers a diverse range of properties, from spacious single-family homes to picturesque rural estates. With a median home price below the national average, Vandiver presents an affordable housing market, ideal for first-time buyers and those looking to invest in real estate. Bridge loans can help buyers secure their desired property without the pressure of having to sell their current home quickly. Some main attractions in Vandiver include its beautiful natural scenery, with opportunities for outdoor activities such as hiking, fishing, and camping. The community also hosts annual events that celebrate local culture and traditions, providing residents with a strong sense of belonging and a vibrant social scene.
Benefits of Bridge Loans in Vandiver, Alabama
