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Navigating the process of buying a new home in Blooming Grove, 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 Blooming Grove, TX or getting it ready for the market.
Identify the new home you want to buy in Blooming Grove, 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 Blooming Grove, 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 Blooming Grove, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Blooming Grove, 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 Blooming Grove, 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 Blooming Grove, 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 Blooming Grove, 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 Blooming Grove, 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 benefits for residents in Blooming Grove, Texas. These short-term loans bridge the gap between purchasing a new home and selling an existing one. They provide financial flexibility and speed up the buying process, making it easier to secure your dream home without waiting for your current property to sell. Blooming Grove is a charming town with a population of approximately 821 residents. The community is close-knit, offering a small-town feel with access to urban amenities in nearby cities. The town boasts a diverse demographic, including families, young professionals, and retirees, creating a vibrant and inclusive atmosphere. The housing market in Blooming Grove is competitive yet affordable. The median home price is $150,000, making it an attractive option for first-time homebuyers and investors. Bridge loans help prospective buyers navigate the market dynamics by providing the necessary funds to secure a property quickly, giving them a competitive edge in real estate transactions. Some of the main attractions in Blooming Grove include the historic downtown area, known for its quaint shops and local eateries. The town also offers outdoor recreational activities such as hiking trails, parks, and community events. With its rich history and picturesque surroundings, Blooming Grove provides a peaceful and welcoming environment for residents and visitors alike.
Bridge Loans Benefits in Blooming Grove, Texas
