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Navigating the process of buying a new home in Booker, 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 Booker, TX or getting it ready for the market.
Identify the new home you want to buy in Booker, 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 Booker, 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 Booker, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Booker, 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 Booker, 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 Booker, 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 Booker, 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 Booker, 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 Booker, Texas offer a flexible financing option for homeowners looking to purchase a new home before selling their current one. These short-term loans provide the necessary funds to bridge the gap between the sale of the old property and the purchase of a new one, preventing the need for contingent offers and allowing for quick transactions. Booker, Texas, with a population of approximately 1,500 residents, boasts a diverse community with strong family values. The town has a median age of 32 years old, with the majority of residents being homeowners. The area is known for its friendly neighborhoods and close-knit community, making it an ideal place to raise a family. The housing market in Booker, Texas, is stable and offers a range of housing options to suit different needs and budgets. The median home value in the area is $85,000, making it an affordable option for first-time buyers and those looking to invest in real estate. With low inventory levels and steady demand, the housing market in Booker presents opportunities for both buyers and sellers. Main attractions in Booker, Texas, include the Booker City Park, a popular spot for outdoor recreation and community events. The town also hosts the Kiowa Kooks Cookoff, an annual BBQ competition that draws visitors from across the state. Additionally, Booker is known for its local shops and restaurants that showcase the town's unique charm and hospitality.
Benefits of Bridge Loans in Booker, Texas
