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Navigating the process of buying a new home in Crossville, 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 Crossville, AL or getting it ready for the market.
Identify the new home you want to buy in Crossville, 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 Crossville, 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 Crossville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Crossville, 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 Crossville, 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 Crossville, 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 Crossville, 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 Crossville, 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 Crossville, Alabama offer numerous benefits for homebuyers. They provide short-term financing to bridge the gap between the purchase of a new property and the sale of an existing one. This enables buyers to secure their dream home without being contingent on the sale of their current residence, giving them a competitive edge in a fast-paced market. Crossville, Alabama, is a small town with a close-knit community. The population is diverse, with a mix of families, retirees, and young professionals. The town boasts a low crime rate, excellent schools, and a range of outdoor recreational activities, making it an attractive place to call home. The housing market in Crossville is stable, with a steady increase in property values over the past few years. The demand for homes is high due to the town's amenities and convenient location. Bridge loans can help buyers take advantage of the market by providing flexible financing options and quick closings. Some main attractions in Crossville include the beautiful Lake Guntersville State Park, which offers fishing, camping, and hiking opportunities. The town also hosts annual events such as the Crossville Mountain Festival, celebrating local music and culture. Additionally, residents can enjoy shopping and dining in the historic downtown area.
Bridge Loans in Crossville, Alabama
