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Navigating the process of buying a new home in Albany, 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 Albany, TX or getting it ready for the market.
Identify the new home you want to buy in Albany, 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 Albany, 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 Albany, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Albany, 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 Albany, 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 Albany, 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 Albany, 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 Albany, 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 Albany, Texas offer a valuable solution for homeowners looking to purchase a new property before selling their current one. These short-term loans provide immediate funds to bridge the financial gap, enabling individuals to secure their dream home without waiting for their existing property to sell. Albany, Texas, with a population of approximately 2,000 residents, boasts a charming small-town atmosphere coupled with a rich historical heritage. The community is known for its picturesque streets, friendly locals, and a strong sense of community spirit, making it an ideal place to raise a family or retire. The housing market in Albany, Texas, is characterized by a diverse range of properties, including historic homes, modern developments, and rural estates. With a median home price below the national average, Albany offers affordable housing options for both first-time buyers and those looking to upgrade to a larger property. Some of the main attractions in Albany include the historic Old Jail Art Center, Fort Griffin State Historic Site, and the annual Fort Griffin Fandangle, a popular local event celebrating the town's heritage through music and theater. Outdoor enthusiasts can also enjoy activities such as hiking, fishing, and camping in the nearby parks and lakes.
Benefits of Bridge Loans in Albany, Texas
