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Navigating the process of buying a new home in Big Spring, 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 Spring, TX or getting it ready for the market.
Identify the new home you want to buy in Big Spring, 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 Spring, 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 Spring, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Big Spring, 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 Spring, 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 Spring, 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 Spring, 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 Spring, 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 flexible financing option for homeowners looking to purchase a new home before selling their current one. In Big Spring, Texas, these loans can provide the much-needed financial bridge to facilitate a smooth transition between properties. Demographics Big Spring, Texas, is a vibrant city with a diverse population. The median age of residents is around 36 years, with a mix of families, young professionals, and retirees. The city's community is known for its friendly atmosphere and strong sense of local pride. Housing Market The housing market in Big Spring offers a range of options, from historic homes with character to modern developments. The market is competitive, with a steady demand for properties. Bridge loans can be a strategic tool for buyers looking to secure their dream home in this dynamic market. Main Attractions Big Spring is a city rich in history and natural beauty. Visitors and residents can enjoy attractions such as the Hangar 25 Air Museum, Comanche Trail Park, and the stunning views at Big Spring State Park. The city also hosts cultural events and festivals throughout the year.
Benefits of Bridge Loans in Big Spring, Texas
