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Navigating the process of buying a new home in Clio, 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 Clio, AL or getting it ready for the market.
Identify the new home you want to buy in Clio, 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 Clio, 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 Clio, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Clio, 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 Clio, 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 Clio, 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 Clio, 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 Clio, 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 offer a valuable solution for homebuyers in Clio, Alabama, allowing them to purchase a new home before selling their current property. This flexibility can prevent the need for temporary housing or rushed sales, providing a smooth transition between homes. Demographically, Clio is a small town in Barbour County with a tight-knit community, ideal for families and retirees looking for a peaceful lifestyle. The town has a population of about 2,000 residents and offers a cost of living below the national average. The housing market in Clio is stable with a mix of traditional single-family homes and charming rural properties. Bridge loans can help buyers take advantage of the affordable housing options in the area, allowing for quick purchases and seamless transitions. Some main attractions in Clio include the historic Clio Depot Museum, showcasing the town's railroad history, and the beautiful Blue Springs State Park, known for its natural springs and recreational activities like camping and fishing.
Benefits of Bridge Loans in Clio, Alabama
