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Navigating the process of buying a new home in Athens, 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 Athens, TX or getting it ready for the market.
Identify the new home you want to buy in Athens, 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 Athens, 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 Athens, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Athens, 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 Athens, 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 Athens, 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 Athens, 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 Athens, 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 Athens, Texas offer numerous benefits to homeowners. These short-term loans provide immediate funds for purchasing a new home before selling the existing one. This allows for a smoother transition without the need to wait for one property to sell before buying the next, reducing the stress and hassle of the moving process. Athens, Texas, is a charming city with a population of approximately 13,000 residents. The city boasts a diverse community with a mix of families, young professionals, and retirees. The cost of living is relatively low compared to other parts of Texas, making it an attractive destination for those looking to settle down or invest in real estate. The housing market in Athens is thriving, with a variety of properties available to suit different preferences and budgets. The median home price is below the national average, making it an affordable option for first-time buyers or those looking to upgrade to a larger home. Bridge loans provide flexibility in financing these real estate transactions, allowing buyers to act quickly in a competitive market. Athens is known for its natural beauty, with attractions such as the Texas Freshwater Fisheries Center and Athens Scuba Park drawing visitors from near and far. The city also hosts various events and festivals throughout the year, showcasing its rich culture and community spirit.
Benefits of Bridge Loans in Athens, Texas
