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Navigating the process of buying a new home in Alba, 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 Alba, TX or getting it ready for the market.
Identify the new home you want to buy in Alba, 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 Alba, 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 Alba, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Alba, 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 Alba, 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 Alba, 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 Alba, 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 Alba, 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 Alba, Texas offer numerous benefits for homebuyers. They provide a short-term financing option to bridge the gap between the purchase of a new home and the sale of the old one. This allows buyers to secure their new property without waiting for their old home to sell, avoiding the risk of losing out on their dream home. Demographically, Alba, Texas, is a quaint town with a population of approximately 500 residents. The community is close-knit, offering a peaceful and welcoming atmosphere for families and retirees. The town is known for its low crime rates, good schools, and affordable cost of living, making it an attractive location for homebuyers. In terms of the housing market, Alba, Texas, boasts a diverse range of properties, from charming historical homes to modern constructions. The market is stable, with a steady increase in property values over the years. Bridge loans can help buyers take advantage of this growth by providing the necessary funds to secure their ideal property. Some of the main attractions in Alba include the beautiful Lake Fork Reservoir, renowned for its excellent fishing opportunities. The town also features local shops, restaurants, and parks, providing residents with a variety of recreational activities. With its scenic surroundings and tight-knit community, Alba, Texas, is a delightful place to call home.
Benefits of Bridge Loans in Alba, Texas
