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Navigating the process of buying a new home in Alvarado, 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 Alvarado, TX or getting it ready for the market.
Identify the new home you want to buy in Alvarado, 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 Alvarado, 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 Alvarado, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Alvarado, 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 Alvarado, 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 Alvarado, 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 Alvarado, 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 Alvarado, 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 Alvarado, Texas offer numerous advantages for homebuyers. These short-term loans provide the flexibility to secure a new property before selling an existing one, avoiding delays and allowing for a smooth transition. Demographics: Alvarado boasts a diverse population with a mix of families, young professionals, and retirees. The city's strong sense of community, excellent schools, and low crime rates make it an attractive location for individuals and families looking to settle down. Housing Market: Alvarado's housing market is thriving, with a range of options from historical homes to modern developments. The median home value is affordable, making it an accessible market for first-time buyers and investors alike. Main Attractions: Visitors and residents in Alvarado can enjoy outdoor activities at the nearby Cedar Hill State Park, explore the Alvarado Historic District, or attend local events like the Alvarado Christmas Parade. The city offers a blend of small-town charm and recreational opportunities.
Benefits of Bridge Loans in Alvarado, Texas