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Navigating the process of buying a new home in Barstow, 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 Barstow, TX or getting it ready for the market.
Identify the new home you want to buy in Barstow, 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 Barstow, 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 Barstow, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Barstow, 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 Barstow, 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 Barstow, 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 Barstow, 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 Barstow, 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 offer a convenient financing solution for those looking to purchase a new home before selling their current one. In Barstow, Texas, these loans can help homeowners bridge the financial gap between buying a new property and selling their existing one. Barstow, Texas, with a population of nearly 400 people, offers a tranquil and close-knit community ideal for families. The demographics include a mix of working professionals and retirees, creating a diverse and welcoming neighborhood. The housing market in Barstow is stable, with a range of affordable housing options available for both buyers and renters. The median home price is below the national average, making it an attractive location for first-time homebuyers and those looking to invest in real estate. Main attractions in Barstow include the Barstow Rodeo Arena, popular for its annual rodeo events, and the nearby Monahans Sandhills State Park, offering outdoor recreational activities such as hiking and sandboarding.
Benefits of Bridge Loans in Barstow, Texas
