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Navigating the process of buying a new home in Brookeland, 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 Brookeland, TX or getting it ready for the market.
Identify the new home you want to buy in Brookeland, 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 Brookeland, 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 Brookeland, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Brookeland, 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 Brookeland, 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 Brookeland, 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 Brookeland, 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 Brookeland, 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 a valuable financial solution for individuals in Brookeland, Texas, looking to transition smoothly between the sale of one property and the purchase of another. These loans provide immediate funds to cover down payments and other expenses, ensuring a seamless real estate transaction without the need to wait for the sale of the current property. Demographics in Brookeland, Texas, reveal a close-knit community with a population that values the tranquility of rural living. The area boasts a mix of families, retirees, and young professionals, creating a diverse and welcoming environment for residents. The housing market in Brookeland, Texas, is characterized by a variety of properties that cater to different preferences and budgets. With a range of single-family homes, waterfront properties, and acreage options available, there is something for everyone in this vibrant real estate market. Brookeland, Texas, is home to several main attractions that highlight the area's natural beauty and recreational opportunities. From the picturesque Lake Sam Rayburn offering fishing and boating activities to the nearby Angelina National Forest providing hiking and camping adventures, residents can enjoy a wide array of outdoor amenities.
Benefits of Bridge Loans in Brookeland, Texas
