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Navigating the process of buying a new home in Ben Wheeler, 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 Ben Wheeler, TX or getting it ready for the market.
Identify the new home you want to buy in Ben Wheeler, 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 Ben Wheeler, 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 Ben Wheeler, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ben Wheeler, 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 Ben Wheeler, 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 Ben Wheeler, 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 Ben Wheeler, 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 Ben Wheeler, 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 Ben Wheeler offer a beneficial solution for individuals looking to purchase a new home before selling their current one. These loans provide short-term financing, allowing buyers to secure their new property while their existing home is on the market. This flexibility can prevent delays in purchasing a new home and eliminates the need for a contingent offer. Demographics: Ben Wheeler, Texas, is a small community with a population of approximately 400 residents. The town is known for its tight-knit community feel, friendly neighbors, and safe environment. The majority of residents are families and retirees, contributing to a peaceful and family-oriented atmosphere. Housing Market: The housing market in Ben Wheeler is characterized by a mix of historic homes and new constructions. The average home price is affordable compared to nearby cities, making it an attractive location for first-time homebuyers and those looking to downsize. Bridge loans in this area can help buyers secure their dream home without the stress of selling their current property first. Main Attractions: Despite its small size, Ben Wheeler boasts several attractions, including quaint local shops, cozy cafes, and beautiful parks for outdoor activities. The town also hosts community events throughout the year, bringing residents together and fostering a strong sense of community spirit.
Benefits of Bridge Loans in Ben Wheeler, Texas
