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Navigating the process of buying a new home in Bryant, 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 Bryant, AL or getting it ready for the market.
Identify the new home you want to buy in Bryant, 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 Bryant, 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 Bryant, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bryant, 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 Bryant, 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 Bryant, 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 Bryant, 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 Bryant, 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 Bryant, Alabama offer several benefits to borrowers. They provide a short-term financing option to bridge the gap between the purchase of a new property and the sale of an existing one. This can help borrowers secure their dream home without being contingent on selling their current property first. Demographically, Bryant is a small town located in Jackson County, Alabama. According to the latest census data, the population is around 3,400 residents. The town boasts a close-knit community atmosphere and a low crime rate, making it an ideal location for families and retirees looking for a peaceful place to call home. In terms of the housing market, Bryant offers a mix of residential properties ranging from single-family homes to rural estates. The market is characterized by affordable home prices compared to neighboring areas, making it an attractive option for first-time homebuyers and investors alike. Some of the main attractions in Bryant include the picturesque Bryant Creek, perfect for fishing and outdoor activities. The town also features local shops, restaurants, and parks that contribute to its charm and appeal to residents and visitors.
Benefits of Bridge Loans in Bryant, Alabama
