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Navigating the process of buying a new home in Barry, 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 Barry, TX or getting it ready for the market.
Identify the new home you want to buy in Barry, 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 Barry, 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 Barry, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Barry, 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 Barry, 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 Barry, 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 Barry, 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 Barry, 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!
Benefits of Bridge Loans: Bridge loans offer a quick financing solution for individuals looking to buy a new property before selling their current one, providing temporary funds for down payments and mortgage payments. These loans are especially beneficial in competitive real estate markets like Barry, Texas, where quick transactions are essential to secure desirable properties. Bridge loans also help in avoiding contingency clauses associated with traditional home purchases, giving buyers an edge in negotiations and ensuring smoother transactions. Demographics: Barry, Texas, is a charming rural town with a population that values community and small-town living. The residents consist of families, retirees, and young professionals seeking a peaceful environment away from the city. The town has a close-knit community with various local events and activities that promote neighborly bonds and a sense of belonging. Many residents are proud homeowners who contribute to the town's character and overall well-being. Housing Market: The housing market in Barry, Texas, offers diverse options ranging from historic homes to modern developments, catering to different tastes and preferences. Properties in Barry provide excellent value for money compared to nearby urban areas, making it an attractive location for homebuyers looking for affordable housing options. The market has shown steady growth in recent years, with an increase in property values and demand for housing, making it a promising investment opportunity for buyers. Main Attractions: Barry, Texas, boasts scenic natural landscapes, including parks, trails, and recreational areas that offer opportunities for outdoor activities such as hiking, fishing, and picnicking. The town also features historical sites, museums, and local shops that showcase its rich heritage and culture. Residents and visitors alike enjoy the peaceful ambiance and laid-back lifestyle that Barry has to offer, making it a desirable place to live and visit.
Benefits of Bridge Loans in Barry, Texas
