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Navigating the process of buying a new home in Crane Hill, 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 Crane Hill, AL or getting it ready for the market.
Identify the new home you want to buy in Crane Hill, 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 Crane Hill, 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 Crane Hill, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Crane Hill, 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 Crane Hill, 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 Crane Hill, 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 Crane Hill, 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 Crane Hill, 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 in Crane Hill, Alabama provide homeowners with a temporary financing option to bridge the gap between the purchase of a new home and the sale of their existing one. This allows for a smoother transition without the pressure of immediate sale. Demographics Crane Hill boasts a diverse population with a mix of families and retirees. The area has a strong sense of community with various cultural and recreational activities that cater to residents of all ages. Housing Market The housing market in Crane Hill, Alabama, offers a range of options from cozy single-family homes to spacious waterfront properties. The market is stable, making it an attractive location for both buyers and sellers. Main Attractions Some of the main attractions in Crane Hill include its proximity to Smith Lake, known for its fishing and water sports, as well as beautiful hiking trails and scenic views that attract outdoor enthusiasts year-round.
Benefits of Bridge Loans in Crane Hill, Alabama
