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Navigating the process of buying a new home in Armstrong, 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 Armstrong, TX or getting it ready for the market.
Identify the new home you want to buy in Armstrong, 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 Armstrong, 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 Armstrong, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Armstrong, 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 Armstrong, 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 Armstrong, 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 Armstrong, 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 Armstrong, 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 Armstrong, Texas offer a quick and flexible financing solution for individuals looking to purchase a new home before selling their current one. This type of loan provides funds to cover the down payment on the new property, allowing homeowners to proceed with the purchase without waiting for their existing home to sell. Demographically, Armstrong, Texas is a small, rural town with a close-knit community. The population is around 1,500 residents, and the area is known for its friendly atmosphere and welcoming locals. Residents enjoy the peaceful surroundings and the strong sense of community spirit. The housing market in Armstrong, Texas is characterized by a mix of traditional single-family homes and ranch-style properties. The market is relatively stable, with moderate appreciation rates. Bridge loans can provide buyers with the financial flexibility needed to secure a property in this competitive market quickly. Some main attractions in Armstrong, Texas include the beautiful Armstrong Park, which offers picturesque walking trails and family-friendly picnic spots. The town also has a historic downtown area with charming shops and restaurants, making it a popular destination for locals and visitors alike.
Benefits of Bridge Loans in Armstrong, Texas
