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Navigating the process of buying a new home in Broaddus, 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 Broaddus, TX or getting it ready for the market.
Identify the new home you want to buy in Broaddus, 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 Broaddus, 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 Broaddus, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Broaddus, 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 Broaddus, 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 Broaddus, 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 Broaddus, 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 Broaddus, 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 Broaddus, Texas offer quick financing solutions for homeowners looking to purchase a new property before selling their existing one. This type of loan provides temporary funding to bridge the gap between the purchase of a new home and the sale of the current residence, allowing for a seamless transition without the stress of timing constraints. Demographics in Broaddus, Texas, reveal a small, tight-knit community with a population that values the quiet, peaceful lifestyle offered by the area. The town is known for its friendly residents, low crime rates, and access to quality education through local schools, making it an ideal place for families and retirees alike. The housing market in Broaddus, Texas, is characterized by a mix of single-family homes, ranch-style properties, and picturesque lakefront residences. With affordable pricing compared to larger urban areas, Broaddus offers a chance for homeowners to invest in spacious properties with scenic views and ample outdoor recreational opportunities. Broaddus, Texas, boasts a range of main attractions, including Sam Rayburn Reservoir, a popular spot for fishing, boating, and camping enthusiasts. The town's proximity to the Angelina National Forest also provides nature lovers with hiking trails, wildlife viewing, and peaceful picnic areas to enjoy the beauty of East Texas.
Benefits of Bridge Loans in Broaddus, Texas
