Get Approved at The Lowest Rate
Navigating the process of buying a new home in Burkeville, 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 Burkeville, TX or getting it ready for the market.
Identify the new home you want to buy in Burkeville, 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 Burkeville, 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 Burkeville, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Burkeville, 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 Burkeville, 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 Burkeville, 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 Burkeville, 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 Burkeville, 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 Burkeville, Texas offer numerous benefits to homebuyers. One of the primary advantages is the ability to secure financing quickly, allowing individuals to make competitive offers on properties. These loans also provide flexibility, enabling buyers to bridge the gap between the purchase of a new home and the sale of their current one, avoiding potential delays and ensuring a smooth transition. Demographically, Burkeville is a small town in Newton County, Texas, with a population of approximately 439 residents. The community is known for its friendly atmosphere and close-knit feel. The town's residents often enjoy a relaxed pace of life and a strong sense of community spirit. In terms of the housing market, Burkeville offers a diverse range of properties, including charming single-family homes and spacious plots of land. The market is characterized by affordability, making it an attractive option for first-time homebuyers and those looking to invest in real estate. With the help of bridge loans, buyers can access the funds they need to secure their dream home in this picturesque town. Some of the main attractions in Burkeville include the scenic Toledo Bend Reservoir, which offers opportunities for fishing, boating, and outdoor recreation. The town also boasts a rich history, with sites such as the Burkeville Depot Museum showcasing its past. Additionally, residents can enjoy local events and festivals that celebrate the town's heritage and culture.
Benefits of Bridge Loans in Burkeville, Texas
