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Navigating the process of buying a new home in Benjamin, 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 Benjamin, TX or getting it ready for the market.
Identify the new home you want to buy in Benjamin, 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 Benjamin, 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 Benjamin, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Benjamin, 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 Benjamin, 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 Benjamin, 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 Benjamin, 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 Benjamin, 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 Benjamin, Texas offer a valuable financing solution for homeowners looking to purchase a new home before selling their existing property. This type of loan provides short-term funds to bridge the gap between the sale of your current home and the purchase of a new one, enabling a smoother transition without the need for a contingency offer. Demographically, Benjamin, Texas, is a small, close-knit community with a population of approximately 250 residents. The town offers a quiet and peaceful rural setting, ideal for those seeking a slower pace of life while still being within driving distance of larger cities like Abilene and Wichita Falls. In terms of the housing market, Benjamin, Texas, showcases a mix of historic homes and newer construction properties. With the median home price below the national average, it presents an affordable option for homebuyers. Bridge loans can be particularly beneficial in this market by providing the necessary funds to secure a new home quickly before prices rise. Some of the main attractions in Benjamin include the Benjamin Historical Museum, which offers insights into the town's rich history, and the picturesque Paint Creek, perfect for outdoor activities like fishing and hiking. Additionally, the friendly community atmosphere and local events make Benjamin a charming place to call home.
The Benefits of Bridge Loans in Benjamin, Texas
