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Navigating the process of buying a new home in Brookesmith, 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 Brookesmith, TX or getting it ready for the market.
Identify the new home you want to buy in Brookesmith, 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 Brookesmith, 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 Brookesmith, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Brookesmith, 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 Brookesmith, 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 Brookesmith, 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 Brookesmith, 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 Brookesmith, 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 Brookesmith, Texas offer a convenient short-term financing solution for individuals looking to purchase a new home before selling their current one. These loans provide flexibility and ease the transition between properties by covering the down payment and closing costs. Brookesmith, Texas, a small community located in Brown County, boasts a population of around 300 residents. The area is known for its peaceful atmosphere, beautiful landscapes, and friendly neighborhoods, making it an attractive location for families and retirees alike. The housing market in Brookesmith is characterized by a mix of traditional single-family homes and rustic ranch-style properties. With a median home price below the national average, the area offers affordable housing options for those looking to settle down in a serene and picturesque setting. Some of the main attractions in Brookesmith include the nearby Lake Brownwood State Park, which offers outdoor recreational activities such as fishing, camping, and hiking. The town also hosts community events, farmer's markets, and local festivals that showcase the area's rich history and culture.
Benefits of Bridge Loans in Brookesmith, Texas
