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Navigating the process of buying a new home in Berry, 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 Berry, AL or getting it ready for the market.
Identify the new home you want to buy in Berry, 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 Berry, 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 Berry, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Berry, 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 Berry, 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 Berry, 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 Berry, 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 Berry, 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 Berry, Alabama offer a valuable solution for those seeking to purchase a new home before selling their current one. This type of loan provides the flexibility to make a competitive offer on a new property without being contingent on the sale of the existing home. Demographics: Berry, Alabama, is a small town with a close-knit community. The population is diverse, with a mix of families, young professionals, and retirees. The town is known for its strong sense of community and friendly atmosphere. Housing Market: The housing market in Berry, Alabama, is competitive, with a mix of historic homes and new developments. Bridge loans can give buyers an advantage in this market by allowing them to secure financing quickly and efficiently, giving them a leg up on other potential buyers. Main Attractions: Berry, Alabama, may be small, but it offers a range of attractions for residents and visitors alike. From local parks and outdoor recreational areas to charming shops and restaurants, there is something for everyone to enjoy in this vibrant town.
Benefits of Bridge Loans in Berry, Alabama
