Get Approved at The Lowest Rate
Navigating the process of buying a new home in Cecil, 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 Cecil, AL or getting it ready for the market.
Identify the new home you want to buy in Cecil, 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 Cecil, 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 Cecil, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cecil, 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 Cecil, 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 Cecil, 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 Cecil, 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 Cecil, 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 Cecil, Alabama offer a quick financing solution for individuals needing to bridge the gap between the purchase of a new property and the sale of their existing one. This type of loan provides flexibility and ease of access with typically shorter approval timelines. Demographically, Cecil, Alabama is a town with a diverse population consisting of families, young professionals, and retirees. The community values a close-knit atmosphere and offers a peaceful suburban lifestyle with access to good schools and essential amenities. In terms of the housing market, Cecil, Alabama is experiencing steady growth with a demand for various property types including single-family homes, townhouses, and condos. The market remains competitive, making bridge loans a valuable tool for buyers to secure their dream homes quickly. Some main attractions in Cecil include the picturesque Cecil Park, perfect for outdoor activities and family gatherings. Additionally, the town is in proximity to Montgomery's vibrant cultural scene, offering residents a blend of rural tranquility and urban conveniences.
Benefits of Bridge Loans in Cecil, Alabama
