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Navigating the process of buying a new home in Cedar Bluff, 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 Cedar Bluff, AL or getting it ready for the market.
Identify the new home you want to buy in Cedar Bluff, 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 Cedar Bluff, 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 Cedar Bluff, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cedar Bluff, 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 Cedar Bluff, 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 Cedar Bluff, 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 Cedar Bluff, 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 Cedar Bluff, 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 Cedar Bluff, Alabama offer individuals the flexibility to purchase a new home before selling their existing one. This allows for a smoother transition without the need to rush the sale of their current property. Demographics Cedar Bluff, Alabama, has a diverse demographic profile with a mix of families, young professionals, and retirees. The community is known for its friendly atmosphere and strong sense of community. Housing Market The housing market in Cedar Bluff, Alabama, is stable with a range of housing options available. Bridge loans can help potential buyers secure their dream home in this competitive market while leveraging their existing property. Main Attractions Located near the beautiful Weiss Lake, Cedar Bluff offers a variety of outdoor activities such as fishing, boating, and hiking. The town also boasts quaint shops, local eateries, and a rich historical heritage, making it an attractive place to live and visit.
Benefits of Bridge Loans in Cedar Bluff, Alabama
