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Navigating the process of buying a new home in Burton, 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 Burton, TX or getting it ready for the market.
Identify the new home you want to buy in Burton, 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 Burton, 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 Burton, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Burton, 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 Burton, 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 Burton, 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 Burton, 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 Burton, 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 Burton, Texas offer several benefits. They provide immediate funds for purchasing a new property before selling an existing one. This can help avoid missing out on a dream home or investment opportunity. Additionally, bridge loans have flexible terms and quick approvals, making them ideal for time-sensitive transactions. Demographics in Burton, Texas show a small yet vibrant community. With a population of around 300 residents, Burton offers a peaceful rural setting. The town has a mix of retirees, families, and young professionals, creating a close-knit and friendly atmosphere. The housing market in Burton, Texas is stable with moderate home prices. The town offers a variety of housing options, including historic homes, modern developments, and spacious rural properties. Both buyers and sellers benefit from a balanced market that caters to different preferences and budgets. Main attractions in Burton, Texas include the Texas Cotton Gin Museum, which showcases the town's agricultural history. Visitors can also enjoy local wineries, antique shops, and annual events like the Burton Cotton Gin Festival. The town's charming downtown area and scenic countryside make it a desirable place to live and visit.
Benefits of Bridge Loans in Burton, Texas