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Navigating the process of buying a new home in Andrews, 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 Andrews, TX or getting it ready for the market.
Identify the new home you want to buy in Andrews, 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 Andrews, 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 Andrews, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Andrews, 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 Andrews, 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 Andrews, 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 Andrews, 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 Andrews, 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 Andrews, Texas offer numerous advantages for individuals in need of short-term financing. These loans provide quick access to funds, helping borrowers bridge the gap between the purchase of a new home and the sale of their current property. Unlike traditional loans, bridge loans have flexible terms and can be obtained faster, making them ideal for those looking to secure their dream home without delays. Demographics: Andrews, Texas, is a vibrant community with a diverse population. The town has a mix of young families, professionals, and retirees, creating a dynamic and inclusive atmosphere. The majority of residents own their homes, indicating a stable and thriving real estate market that is attractive to potential buyers and investors. Housing Market: The housing market in Andrews, Texas, is robust and offers a variety of options for homebuyers. From modern single-family homes to spacious apartments, there is something for everyone in this vibrant town. With affordable prices compared to neighboring areas, Andrews presents a great opportunity for individuals looking to invest in real estate or find their perfect home. Main Attractions: Andrews, Texas, boasts a range of attractions for residents and visitors alike. The town is known for its beautiful parks, recreational facilities, and cultural events that bring the community together. Whether you enjoy outdoor activities, shopping, or dining out, Andrews has something for everyone to enjoy.
Benefits of Bridge Loans in Andrews, Texas
