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Navigating the process of buying a new home in Buffalo, 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 Buffalo, TX or getting it ready for the market.
Identify the new home you want to buy in Buffalo, 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 Buffalo, 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 Buffalo, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Buffalo, 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 Buffalo, 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 Buffalo, 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 Buffalo, 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 Buffalo, 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 financing solution for individuals looking to purchase a new home before selling their current property. In Buffalo, Texas, where the real estate market is competitive, a bridge loan can provide buyers with the flexibility and financial support needed to secure their dream home. Demographically, Buffalo is a small town in Leon County with a population of approximately 2,000 residents. The community boasts a close-knit atmosphere, making it an attractive location for families and individuals seeking a peaceful countryside lifestyle. The housing market in Buffalo, Texas, is characterized by a diverse range of properties, including historic homes, modern developments, and spacious ranch-style houses. With the help of a bridge loan, buyers can tap into this varied market and explore different housing options without the pressure of selling their current home first. Some main attractions in Buffalo include the beautiful Buffalo State Park, known for its scenic hiking trails and camping facilities. Additionally, the town is home to the Leon County Courthouse, a historic landmark that showcases the rich heritage of the area. With a bridge loan, homebuyers can enjoy easy access to these attractions and more in Buffalo, Texas.
Benefits of Bridge Loans in Buffalo, Texas
