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Navigating the process of buying a new home in Alice, 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 Alice, TX or getting it ready for the market.
Identify the new home you want to buy in Alice, 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 Alice, 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 Alice, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Alice, 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 Alice, 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 Alice, 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 Alice, 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 Alice, 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 Alice, Texas offer numerous advantages to homebuyers. These short-term loans provide financial flexibility by allowing homeowners to purchase a new home before selling their current one. This can be particularly beneficial for individuals looking to upgrade or relocate without having to wait for their existing property to sell. Alice, Texas, boasts a diverse population with a rich cultural heritage. The city has a growing economy, with opportunities in various industries such as agriculture, energy, and healthcare. The demographics of Alice reflect a close-knit community with a blend of different backgrounds, contributing to a vibrant and welcoming atmosphere. The housing market in Alice, Texas, is dynamic and offers a range of options for homebuyers. With the help of bridge loans, individuals can take advantage of favorable market conditions to secure their dream home. Whether you're looking for a cozy suburban house or a spacious rural property, Alice has offerings to suit various preferences and budgets. Alice, Texas, is home to several main attractions that make it a desirable place to live. From the scenic Alice Nature Park to the vibrant downtown area with shops and restaurants, there is no shortage of things to do and see in this charming city. Residents can also enjoy easy access to outdoor recreational activities, cultural events, and a thriving local arts scene.
Benefits of Bridge Loans in Alice, Texas
