Get Approved at The Lowest Rate
Navigating the process of buying a new home in Beatrice, 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 Beatrice, AL or getting it ready for the market.
Identify the new home you want to buy in Beatrice, 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 Beatrice, 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 Beatrice, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Beatrice, 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 Beatrice, 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 Beatrice, 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 Beatrice, 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 Beatrice, 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 Beatrice, Alabama offer numerous benefits to homebuyers and sellers. They provide the flexibility of accessing funds quickly to bridge financial gaps, allowing individuals to buy a new home before selling their existing one. This helps in avoiding missed opportunities and the stress of timing constraints. Demographically, Beatrice, Alabama is a charming small town with a population that values community and a peaceful lifestyle. The town boasts a diverse population with a mix of cultures and backgrounds, creating a welcoming and inclusive environment for residents. The housing market in Beatrice, Alabama is steadily growing, presenting a range of opportunities for both buyers and sellers. With affordable home prices compared to larger cities, individuals can find their dream home without breaking the bank. Additionally, the town's real estate market offers a variety of housing options, from historic properties to modern developments. Some main attractions in Beatrice, Alabama include scenic parks, local boutiques, and cultural events that showcase the town's rich history. Residents can enjoy outdoor activities like hiking and picnicking, as well as explore art galleries and museums that celebrate the town's heritage. With a close-knit community and vibrant local scene, Beatrice offers a quality of life that is both relaxing and engaging.
Bridge Loans in Beatrice, Alabama
