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Navigating the process of buying a new home in Adrian, 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 Adrian, TX or getting it ready for the market.
Identify the new home you want to buy in Adrian, 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 Adrian, 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 Adrian, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Adrian, 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 Adrian, 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 Adrian, 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 Adrian, 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 Adrian, 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 provide flexibility: One of the key benefits of bridge loans in Adrian, Texas, is the flexibility they offer to borrowers. These short-term loans can help homeowners bridge the gap between the purchase of a new home and the sale of their current property, easing financial stress and providing a smoother transition. Demographics: Adrian, Texas, is a small town with a population of around 160 people. The community is close-knit and has a mix of families and retirees. The town is known for its friendly locals and peaceful atmosphere, making it an ideal place for those looking to escape the hustle and bustle of city life. Housing Market: The housing market in Adrian, Texas, is stable with a range of properties available at affordable prices. Bridge loans can be particularly beneficial in this market to help buyers secure their dream home while waiting for their current property to sell, avoiding the risk of missing out on a great deal. Main Attractions: Despite its small size, Adrian is located near some popular attractions such as the Cadillac Ranch, a quirky art installation featuring a line of buried Cadillacs, and the iconic Route 66. Outdoor enthusiasts also enjoy the nearby Palo Duro Canyon State Park, offering hiking, camping, and stunning canyon views.
The Benefits of Bridge Loans in Adrian, Texas
