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Navigating the process of buying a new home in Buchanan Dam, 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 Buchanan Dam, TX or getting it ready for the market.
Identify the new home you want to buy in Buchanan Dam, 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 Buchanan Dam, 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 Buchanan Dam, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Buchanan Dam, 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 Buchanan Dam, 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 Buchanan Dam, 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 Buchanan Dam, 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 Buchanan Dam, 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 short-term financing solution for individuals looking to buy a new home before selling their current one. In Buchanan Dam, Texas, these loans can help expedite the purchase process and alleviate the stress of carrying two mortgages simultaneously. Demographics in Buchanan Dam show a population of around 1,519 residents. The median household income is $47,632, with a homeownership rate of 75.4%. The town has a suburban feel, making it an ideal location for families and retirees. In the housing market, Buchanan Dam offers a range of options from cozy single-family homes to waterfront properties along Lake Buchanan. The median home value is $187,601, with prices expected to rise by 3.6% over the next year, making it a potentially lucrative investment opportunity. Some of the main attractions in Buchanan Dam include the picturesque Canyon of the Eagles Nature Park, where visitors can enjoy hiking trails and bird watching. Lake Buchanan also offers recreational activities such as fishing, boating, and camping, making it a popular destination for outdoor enthusiasts.
The Benefits of Bridge Loans in Buchanan Dam, Texas
