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Navigating the process of buying a new home in Archer City, 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 Archer City, TX or getting it ready for the market.
Identify the new home you want to buy in Archer City, 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 Archer City, 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 Archer City, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Archer City, 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 Archer City, 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 Archer City, 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 Archer City, 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 Archer City, 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!
A bridge loan, especially in a unique place like Archer City, Texas, can offer significant benefits to individuals looking to manage the financial gap between buying and selling a home. These short-term loans provide quick access to funds to cover the down payment on a new home while waiting for the sale of the existing property. Archer City, Texas, with a population of approximately 1,834 residents, offers a close-knit community feel with a low cost of living compared to urban areas. The town has a diverse demographic makeup, with a median age of 41 years old, making it an attractive location for families and retirees alike. The housing market in Archer City is characterized by a mix of historic homes and modern developments, providing a range of options for potential buyers. With a median home price of $92,500, the real estate market in the area is relatively affordable, making it a desirable location for those looking to invest in property. While in Archer City, visitors can explore attractions such as the Royal Theater, known for its historic significance and cultural events. The town also boasts the Archer City Museum, offering insights into the rich history of the area. Nature enthusiasts can enjoy outdoor activities at Lake Kickapoo, providing a scenic backdrop for relaxation and recreation.
Benefits of Bridge Loans in Archer City, Texas
