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Navigating the process of buying a new home in Clanton, 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 Clanton, AL or getting it ready for the market.
Identify the new home you want to buy in Clanton, 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 Clanton, 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 Clanton, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Clanton, 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 Clanton, 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 Clanton, 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 Clanton, 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 Clanton, 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 Clanton, Alabama offer a crucial financial solution by providing short-term funding to bridge the gap between the purchase of a new property and the sale of an existing one. This flexibility allows homeowners to secure their dream home without the stress of timing constraints. Clanton, Alabama, with a population of approximately 8,619 residents, embodies a charming small-town atmosphere while offering easy access to urban amenities. The city's demographics showcase a mix of families, professionals, and retirees contributing to a diverse community. The housing market in Clanton, Alabama, is dynamic and offers a range of options from historic homes to modern developments. With a median home price of $150,000, the market caters to various budget levels. The presence of bridge loans enhances the accessibility of these properties to potential buyers. Clanton boasts several main attractions, including Peach Park, a favorite spot for fresh produce and homemade ice cream enthusiasts. The city's proximity to Lake Mitchell provides residents with recreational activities like fishing and boating, making it an ideal location for outdoor enthusiasts.
Exploring the Benefits of Bridge Loans in Clanton, Alabama
