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Navigating the process of buying a new home in Big Wells, 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 Wells, TX or getting it ready for the market.
Identify the new home you want to buy in Big Wells, 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 Wells, 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 Wells, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Big Wells, 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 Wells, 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 Wells, 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 Wells, 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 Wells, 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 numerous advantages for residents of Big Wells, Texas. These short-term loans provide quick access to capital, allowing homeowners to bridge the gap between selling their current home and purchasing a new one. This can help avoid the stress of carrying two mortgages simultaneously and streamline the buying process. Demographically, Big Wells is a vibrant community with a diverse population. The town boasts a mix of families, young professionals, and retirees, creating a rich tapestry of culture. With a median household income above the state average, residents here enjoy a comfortable standard of living. The housing market in Big Wells is robust, offering a range of options for homebuyers. From spacious family homes to cozy apartments, the town caters to various preferences and budgets. With steady appreciation rates, investing in property in Big Wells can be a wise financial decision. Some of the main attractions in Big Wells include the scenic Garner State Park, which offers outdoor enthusiasts ample opportunities for hiking, camping, and picnicking. Additionally, the town's historic downtown area features charming shops and restaurants, providing a quaint backdrop for leisurely strolls.
Benefits of Bridge Loans in Big Wells, Texas
