Get Approved at The Lowest Rate
Navigating the process of buying a new home in Barksdale, 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 Barksdale, TX or getting it ready for the market.
Identify the new home you want to buy in Barksdale, 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 Barksdale, 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 Barksdale, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Barksdale, 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 Barksdale, 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 Barksdale, 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 Barksdale, 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 Barksdale, 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 Barksdale offer quick access to funds for individuals looking to purchase a new property before selling their existing one. This type of financing provides flexibility and convenience for homeowners, allowing them to secure a new home without the stress of timing the sale of their current property. Demographically, Barksdale, Texas, is a small, tight-knit community with a population of approximately 1,500 residents. The town boasts a rich history and a strong sense of community spirit, making it an ideal place to raise a family or retire in a peaceful setting. In terms of the housing market, Barksdale offers a diverse range of property types, including single-family homes, ranch-style houses, and vacant land for development. The real estate market in the area is stable, with affordable housing options available for first-time buyers and seasoned investors alike. Some of the main attractions in Barksdale include the scenic Nueces Canyon, a popular spot for outdoor activities such as hiking, fishing, and camping. The town is also home to historic sites like the Old Barksdale Air Force Base, which offers a glimpse into the area's military heritage.
Benefits of Bridge Loans in Barksdale, Texas
