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Navigating the process of buying a new home in Cottonwood, 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 Cottonwood, AL or getting it ready for the market.
Identify the new home you want to buy in Cottonwood, 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 Cottonwood, 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 Cottonwood, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cottonwood, 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 Cottonwood, 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 Cottonwood, 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 Cottonwood, 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 Cottonwood, 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!
Benefits of Bridge Loans: Bridge loans provide a short-term financing option to bridge the gap between the purchase of a new property and the sale of an existing one. This can help individuals in Cottonwood, Alabama secure their dream home without being burdened by the sale timeline of their current property. Demographics: Cottonwood, Alabama, has a population of approximately X, with a median household income of $Y. The town boasts a diverse community, including families, retirees, and young professionals, creating a vibrant and welcoming atmosphere. Housing Market: The housing market in Cottonwood offers a variety of properties, from cozy single-family homes to spacious estates. The median home price is $Z, making it an affordable option for homebuyers looking for a charming Southern town with a strong sense of community. Main Attractions: Cottonwood is known for its picturesque parks, such as XYZ Park and ABC Gardens, where residents can enjoy outdoor activities and community events. Additionally, the town is close to attractions like Lake DEF and GHI State Park, offering opportunities for recreation and relaxation.
Bridge Loans in Cottonwood, Alabama
