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Navigating the process of buying a new home in Chester, 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 Chester, TX or getting it ready for the market.
Identify the new home you want to buy in Chester, 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 Chester, 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 Chester, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Chester, 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 Chester, 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 Chester, 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 Chester, 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 Chester, 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 numerous benefits to individuals in Chester, Texas. These short-term loans provide quick access to funds, allowing borrowers to purchase a new home before selling their current one. This flexible financing option helps bridge the gap between transactions, avoiding delays and ensuring a smoother transition for homeowners. Demographically, Chester, Texas is a vibrant community with a diverse population. The town boasts a rich cultural heritage, with a mix of residents from various backgrounds. The area is known for its friendly neighborhoods, excellent schools, and strong sense of community, making it an attractive place to live for families and professionals alike. In terms of the housing market, Chester, Texas offers a range of options for prospective buyers. The market is characterized by a mix of traditional single-family homes, modern condominiums, and spacious apartments. With competitive prices and a strong demand for housing, the town presents excellent investment opportunities for those looking to buy property in the area. Some of the main attractions in Chester, Texas include the beautiful Chester State Park, which offers a range of outdoor activities such as hiking, fishing, and picnicking. The town also features charming local shops, restaurants, and cultural venues that cater to residents and visitors alike. With its picturesque surroundings and welcoming atmosphere, Chester, Texas is a hidden gem waiting to be explored.
Benefits of Bridge Loans in Chester, Texas
