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Navigating the process of buying a new home in Alanreed, 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 Alanreed, TX or getting it ready for the market.
Identify the new home you want to buy in Alanreed, 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 Alanreed, 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 Alanreed, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Alanreed, 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 Alanreed, 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 Alanreed, 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 Alanreed, 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 Alanreed, 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!
In Alanreed, Texas, bridge loans offer numerous benefits to homeowners. One key advantage is the ability to facilitate quick property purchases before selling existing homes, preventing missed opportunities in the competitive real estate market. Demographically, Alanreed is a small, tight-knit community with a population that values its rural setting and close community ties. With a median age of 42 and a median household income above the state average, residents enjoy a comfortable lifestyle. The housing market in Alanreed is diverse, offering a mix of historic homes and modern developments. Bridge loans help buyers navigate this market by providing financial flexibility during transitions, ensuring seamless moves into new homes. Main attractions in Alanreed include the iconic Devil's Rope Museum, showcasing the history of barbed wire, and the picturesque Lake Marvin, a popular spot for fishing and outdoor activities, adding to the town's charm and appeal.
Benefits of Bridge Loans in Alanreed, Texas
