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Navigating the process of buying a new home in Clopton, 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 Clopton, AL or getting it ready for the market.
Identify the new home you want to buy in Clopton, 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 Clopton, 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 Clopton, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Clopton, 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 Clopton, 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 Clopton, 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 Clopton, 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 Clopton, 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 Clopton, Alabama offer numerous benefits for homebuyers. These short-term loans provide quick financing options to help bridge the gap between the purchase of a new home and the sale of an existing one. They can be essential in competitive real estate markets, enabling buyers to secure their dream home without having to wait for their current property to sell. Demographics: Clopton, Alabama, is a small town with a tight-knit community. The population is diverse, with a mix of families, retirees, and young professionals. The area is known for its friendly residents and strong community spirit. Housing Market: Clopton's housing market offers a mix of housing options, from cozy single-family homes to spacious estates. The market is relatively stable, with moderate home appreciation rates. Bridge loans can help buyers take advantage of favorable market conditions and secure properties that meet their needs. Main Attractions: Clopton boasts scenic parks, charming local shops, and recreational facilities. Residents can enjoy outdoor activities like hiking, fishing, and picnicking. The town's vibrant cultural scene, including art galleries and community events, adds to its appeal as a desirable place to live.
The Benefits of Bridge Loans in Clopton, Alabama
