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Navigating the process of buying a new home in Brownwood, 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 Brownwood, TX or getting it ready for the market.
Identify the new home you want to buy in Brownwood, 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 Brownwood, 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 Brownwood, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Brownwood, 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 Brownwood, 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 Brownwood, 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 Brownwood, 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 Brownwood, 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 flexible financing solution for homebuyers in Brownwood. These short-term loans help bridge the gap between buying a new home and selling the current one, providing funds for a down payment without having to wait for the sale to close. Demographically, Brownwood is a vibrant city in Central Texas with a population of around 20,000 residents. It boasts a mix of young professionals, families, and retirees, creating a diverse community that is welcoming and inclusive. The housing market in Brownwood is competitive yet affordable, with a median home price lower than the national average. Bridge loans can help buyers navigate this market by allowing them to secure a new property quickly, giving them a competitive edge in a fast-moving market. Some main attractions in Brownwood include the Lehnis Railroad Museum, Brownwood State Park, and Lake Brownwood. These attractions offer recreational activities, cultural experiences, and natural beauty, making Brownwood an attractive place to live and visit.
Benefits of Bridge Loans in Brownwood, Texas
