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Navigating the process of buying a new home in Boyd, 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 Boyd, TX or getting it ready for the market.
Identify the new home you want to buy in Boyd, 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 Boyd, 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 Boyd, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Boyd, 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 Boyd, 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 Boyd, 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 Boyd, 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 Boyd, 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 Boyd, Texas offer numerous benefits for individuals seeking short-term financing solutions. One significant advantage is the ability to quickly access funds to bridge the gap between the purchase of a new home before selling the existing one. This can provide flexibility and peace of mind during real estate transactions. Demographically, Boyd, Texas is a charming small town located in Wise County. Known for its tight-knit community, the town boasts a population of approximately 1,200 residents. With a median age of 37, Boyd attracts families and professionals looking for a peaceful and friendly environment to call home. The housing market in Boyd, Texas is thriving, offering a mix of historic homes and new developments. The median home price in Boyd is $220,000, making it an attractive option for buyers seeking affordable housing options. Additionally, the town's proximity to major cities like Fort Worth adds to its appeal. Boyd, Texas is home to several main attractions, including the Boyd Area Museum, which showcases the town's rich history, and the lively Boyd Stockyard, where locals gather for community events and farmers markets. Outdoor enthusiasts can enjoy hiking and fishing at the nearby Lake Bridgeport, providing endless recreational opportunities.
Benefits of Bridge Loans in Boyd, Texas
