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Navigating the process of buying a new home in Cullman, 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 Cullman, AL or getting it ready for the market.
Identify the new home you want to buy in Cullman, 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 Cullman, 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 Cullman, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cullman, 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 Cullman, 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 Cullman, 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 Cullman, 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 Cullman, 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 and flexible financing option for individuals looking to buy a new home before selling their existing one. In Cullman, Alabama, these loans can help bridge the financial gap, allowing homeowners to make a smooth transition without missing out on their dream property. Demographics in Cullman, Alabama, show a population characterized by a mix of young families and retirees attracted to the city's affordable cost of living and picturesque surroundings. The city boasts a strong sense of community, making it an ideal place for individuals seeking a tight-knit and welcoming environment. The housing market in Cullman, Alabama, is dynamic and offers a variety of options to potential buyers. With a range of properties from historic homes to modern developments, the city caters to diverse preferences and budgets. Bridge loans can provide buyers with the necessary funds to secure their desired property in this competitive market.
Benefits of Bridge Loans in Cullman, Alabama
