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Navigating the process of buying a new home in Amherst, 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 Amherst, TX or getting it ready for the market.
Identify the new home you want to buy in Amherst, 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 Amherst, 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 Amherst, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Amherst, 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 Amherst, 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 Amherst, 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 Amherst, 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 Amherst, 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 offer a quick financing solution for homeowners in Amherst, Texas, providing the flexibility to purchase a new home before selling their current one. This helps avoid the stress of timing contingencies and allows for smoother transitions between properties. Demographics of Amherst, Texas Amherst, Texas, is a small yet vibrant community with a population of around 700 residents. The town embodies a close-knit atmosphere where neighbors often come together for local events and celebrations, fostering a strong sense of community. The housing market in Amherst, Texas, offers a mix of historic homes and modern constructions. With a median home value below the national average, it presents affordable opportunities for first-time buyers and those looking to invest in real estate. Despite its small size, Amherst boasts a rich cultural heritage, with attractions such as the Amherst Heritage Museum showcasing the town's history. Nature enthusiasts can explore the nearby Palo Duro Canyon State Park for outdoor adventures.
Benefits of Bridge Loans in Amherst, Texas
Housing Market in Amherst, Texas
Main Attractions in Amherst, Texas