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Navigating the process of buying a new home in Cottonton, 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 Cottonton, AL or getting it ready for the market.
Identify the new home you want to buy in Cottonton, 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 Cottonton, 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 Cottonton, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cottonton, 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 Cottonton, 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 Cottonton, 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 Cottonton, 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 Cottonton, 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 quick financial solution for individuals looking to purchase a new home before selling their current one. In Cottonton, Alabama, this type of loan can help buyers secure the new property without the stress of waiting for their old home to sell. Cottonton, Alabama, is a small rural community with a population that values the charm of small-town living. The demographics skew towards families and retirees, creating a close-knit community where neighbors look out for one another. The housing market in Cottonton, Alabama, is stable with a mix of historic homes and new developments. Bridge loans can provide buyers with the flexibility to capitalize on unique opportunities in this market, whether it's a historic fixer-upper or a newly built property. While Cottonton may be small, it offers its residents and visitors a taste of Southern charm. Located near the Chattahoochee River, outdoor enthusiasts can enjoy activities like fishing and boating. Additionally, the nearby Providence Canyon State Park provides stunning views and hiking trails for nature lovers.
Benefits of Bridge Loans in Cottonton, Alabama
