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Navigating the process of buying a new home in Bagwell, 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 Bagwell, TX or getting it ready for the market.
Identify the new home you want to buy in Bagwell, 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 Bagwell, 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 Bagwell, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bagwell, 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 Bagwell, 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 Bagwell, 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 Bagwell, 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 Bagwell, 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 Bagwell, Texas offer numerous benefits to both buyers and sellers. These short-term loans help bridge the gap between the purchase of a new home and the sale of an existing one, providing financial flexibility and allowing for a smoother transition during the relocation process. Demographics in Bagwell, Texas show a close-knit community with a population of around 400 residents. The town boasts a rich history and a strong sense of community pride, making it an ideal place for families and individuals looking for a quaint and peaceful lifestyle. The housing market in Bagwell, Texas is characterized by a mix of beautiful historic homes and modern properties. With a median home value below the national average, Bagwell offers affordable housing options for first-time buyers and those looking to invest in real estate. Bagwell, Texas is home to several main attractions, including the Bagwell Historical Museum, where visitors can explore the town's heritage, and the nearby Lake Crook, which provides opportunities for fishing, boating, and outdoor recreation, making it a popular destination for locals and tourists alike.
Benefits of Bridge Loans in Bagwell, Texas
