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Navigating the process of buying a new home in Clayton, 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 Clayton, AL or getting it ready for the market.
Identify the new home you want to buy in Clayton, 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 Clayton, 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 Clayton, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Clayton, 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 Clayton, 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 Clayton, 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 Clayton, 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 Clayton, 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 Clayton, Alabama offer numerous advantages to both homebuyers and sellers. These short-term loans provide quick access to funds, allowing buyers to secure a new home before selling their current property. This can prevent the need for a contingency offer, making the buying process smoother and more competitive. The demographics of Clayton, Alabama, contribute to the popularity of bridge loans in the area. With a mix of young families and retirees, the demand for housing is diverse. Bridge loans cater to this demographic by providing flexibility and convenience in real estate transactions. The housing market in Clayton, Alabama, is dynamic, with a range of properties available for sale. Bridge loans help facilitate transactions in this competitive market by offering financing options that align with the needs of buyers and sellers. This flexibility makes it easier for individuals to navigate the real estate landscape in Clayton. While in Clayton, Alabama, visitors can enjoy its charming downtown area, which is home to local shops, restaurants, and cultural attractions. The city's natural beauty, including parks and outdoor recreational areas, also make it a desirable destination. Whether exploring historical sites or enjoying outdoor adventures, Clayton offers something for everyone.
Benefits of Bridge Loans in Clayton, Alabama
