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Navigating the process of buying a new home in Alberta, 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 Alberta, AL or getting it ready for the market.
Identify the new home you want to buy in Alberta, 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 Alberta, 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 Alberta, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Alberta, 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 Alberta, 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 Alberta, 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 Alberta, 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 Alberta, 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 can provide quick financing for individuals looking to purchase a new home before selling their current one. In Alberta, Alabama, these loans can help buyers secure their dream home without being contingent on the sale of their existing property. Demographics: Alberta, Alabama is a diverse community with a mix of residents from various backgrounds. The population is made up of families, young professionals, and retirees, creating a vibrant and inclusive neighborhood. Housing Market: The housing market in Alberta, Alabama is competitive yet offers a range of options for potential buyers. From cozy single-family homes to modern condos, there is something for everyone in this sought-after area. Main Attractions: Alberta, Alabama boasts beautiful parks, local eateries, and a thriving arts scene. Residents can enjoy outdoor activities, community events, and cultural experiences right in their neighborhood.
Bridge Loans in Alberta, Alabama
