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Navigating the process of buying a new home in Cleveland, 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 Cleveland, AL or getting it ready for the market.
Identify the new home you want to buy in Cleveland, 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 Cleveland, 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 Cleveland, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cleveland, 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 Cleveland, 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 Cleveland, 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 Cleveland, 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 Cleveland, 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!
Benefits of Bridge Loans: Bridge loans provide quick access to funds for purchasing a new home before selling the existing one, allowing for a smooth transition without waiting for the sale of the current property. Demographics: Cleveland, Alabama, is a picturesque town with a population of around 1,300 residents. The community is close-knit, offering a peaceful and friendly environment for families and individuals. Housing Market: The housing market in Cleveland, Alabama, is stable, with a diverse range of properties available for buyers. Bridge loans can offer flexibility in financing options, especially in a competitive market. Main Attractions: Some of the main attractions in Cleveland include the scenic hiking trails in the surrounding mountains, local parks, and historic sites that showcase the town's rich heritage.
Benefits of Bridge Loans in Cleveland, Alabama
