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Navigating the process of buying a new home in Cloverdale, 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 Cloverdale, AL or getting it ready for the market.
Identify the new home you want to buy in Cloverdale, 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 Cloverdale, 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 Cloverdale, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cloverdale, 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 Cloverdale, 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 Cloverdale, 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 Cloverdale, 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 Cloverdale, 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!
A bridge loan in Cloverdale, Alabama provides homeowners with a convenient solution to bridge the gap between the purchase of a new home and the sale of their current one. It offers flexibility in timing, allowing individuals to proceed with buying a new property without having to wait for their existing home to sell. Demographically, Cloverdale is a charming neighborhood in Montgomery known for its historic architecture and tree-lined streets. With a mix of young professionals, families, and retirees, the community offers a diverse and welcoming atmosphere for residents of all ages. The housing market in Cloverdale is stable, with a range of property options available from historic homes to modern townhouses. The area has seen steady appreciation in home values over the years, making it an attractive investment location for those looking to buy or sell real estate. Some of the main attractions in Cloverdale include the historic Cloverdale Playhouse, which hosts a variety of live performances throughout the year, and the Cloverdale Bottom Park, a popular spot for outdoor activities and community events.
Benefits of Bridge Loans in Cloverdale, Alabama
