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Navigating the process of buying a new home in Abbott, TX 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 Abbott, TX or getting it ready for the market.
Identify the new home you want to buy in Abbott, TX, 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 Abbott, TX 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 Abbott, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Abbott, TX. 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 Abbott, TX 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 Abbott, TX 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 Abbott, TX 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 Abbott, TX 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 Abbott, Texas offer a lifeline for individuals who need immediate financing between the sale of their existing home and the purchase of a new property. These loans provide flexibility and quick access to funds, allowing homeowners to secure their dream home without the stress of waiting for their current property to sell. Demographically, Abbott, Texas has a population of approximately [current population], with a median household income of [average income]. The town is known for its [mention any unique demographic features]. Residents of Abbott enjoy a close-knit community that values tradition and neighborly connections. The housing market in Abbott is thriving, with a diverse range of properties available to suit various budgets and preferences. The average home price in Abbott is [average price], making it an attractive option for first-time buyers and families looking to settle down in a peaceful yet vibrant community. Main attractions in Abbott include [name main attractions], offering residents and visitors opportunities for [mention activities]. Whether exploring local parks, enjoying cultural events, or dining at charming eateries, Abbott provides a high quality of life for its residents.
Benefits of Bridge Loans in Abbott, Texas
