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Navigating the process of buying a new home in Big Sandy, 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 Big Sandy, TX or getting it ready for the market.
Identify the new home you want to buy in Big Sandy, 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 Big Sandy, 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 Big Sandy, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Big Sandy, 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 Big Sandy, 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 Big Sandy, 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 Big Sandy, 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 Big Sandy, 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 are a valuable financial tool for homebuyers in Big Sandy, Texas. They provide short-term financing to bridge the gap between the purchase of a new property and the sale of an existing one. This can help homebuyers secure their dream home without being contingent on selling their current property first. Demographics: Big Sandy is a charming town located in Upshur County, Texas. With a population of around 1,300 residents, the community is known for its friendly atmosphere and strong sense of community. The town has a mix of young families, retirees, and working professionals, creating a diverse and welcoming environment. Housing Market: The housing market in Big Sandy offers a range of options, from historic homes to modern houses. The median home price is affordable, making it an attractive location for first-time homebuyers and families. With the help of bridge loans, buyers can navigate the competitive market and secure their desired property. Main Attractions: Big Sandy is home to numerous attractions such as Big Sandy Lake, a popular spot for fishing and boating, and Tyler State Park, known for its hiking trails and scenic views. The town also hosts community events throughout the year, bringing residents together and creating a vibrant local culture.
Bridge Loans in Big Sandy, Texas
