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Navigating the process of buying a new home in Clinton, 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 Clinton, AL or getting it ready for the market.
Identify the new home you want to buy in Clinton, 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 Clinton, 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 Clinton, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Clinton, 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 Clinton, 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 Clinton, 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 Clinton, 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 Clinton, 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 Clinton, Alabama offer a short-term financing option that allows borrowers to bridge the gap between the purchase of a new property and the sale of an existing one. This flexibility enables homeowners to secure their dream home without being constrained by the need to sell their current property first. Demographics Clinton, Alabama, has a diverse population with a mix of young professionals, families, and retirees. The town's community spirit is strong, with residents engaging in various local events and activities that promote a sense of belonging and inclusivity. Housing Market The housing market in Clinton, Alabama, is stable and offers a mix of residential properties to cater to different preferences and budgets. The town's real estate market has seen a steady appreciation in property values, making it an attractive investment opportunity for potential buyers and investors. Main Attractions Clinton, Alabama, boasts a range of main attractions, including scenic parks, historical landmarks, and cultural sites. Residents and visitors can enjoy outdoor activities, explore the town's rich history, and participate in local festivals and events that showcase the vibrant community spirit of Clinton.
Benefits of Bridge Loans in Clinton, Alabama
