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Navigating the process of buying a new home in Brady, 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 Brady, TX or getting it ready for the market.
Identify the new home you want to buy in Brady, 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 Brady, 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 Brady, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Brady, 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 Brady, 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 Brady, 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 Brady, 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 Brady, 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 Brady, Texas offer a lifeline to homeowners, enabling them to purchase a new home before selling their current one. This financial tool bridges the gap between the sale of one property and the purchase of another, providing flexibility and peace of mind. Demographically, Brady boasts a population of around 5,400 residents. The town has a strong sense of community and is ideal for families looking for a tight-knit neighborhood. Its location in McCulloch County provides a blend of rural charm and modern amenities. In terms of the housing market, Brady offers a range of options, from historic homes to modern developments. The median home price is below the national average, making it an attractive destination for first-time homebuyers and those looking for affordable housing options. Main attractions in Brady include the Heart of Texas Country Music Museum, showcasing the rich musical history of the region, and Brady Lake, a popular spot for fishing and outdoor recreation. The town's vibrant downtown area features local shops and restaurants, adding to its appeal.
Benefits of Bridge Loans in Brady, Texas
