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Navigating the process of buying a new home in Clarendon, 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 Clarendon, TX or getting it ready for the market.
Identify the new home you want to buy in Clarendon, 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 Clarendon, 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 Clarendon, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Clarendon, 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 Clarendon, 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 Clarendon, 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 Clarendon, 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 Clarendon, 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 Clarendon, Texas offer a valuable financing option for homebuyers looking to purchase a new home before selling their current one. These loans provide immediate funds for down payments, preventing the need to wait for the sale of the existing property. Demographics in Clarendon, Texas show a close-knit community with a population of around 2,000 residents. The town boasts a rich history and a strong sense of community pride, making it an attractive place for families and individuals seeking a peaceful small-town lifestyle. The housing market in Clarendon, Texas is characterized by a mix of historic homes and modern properties. With a median home price below the national average, Clarendon offers affordable housing options for buyers. Bridge loans can help expedite the buying process in this competitive market. Main attractions in Clarendon, Texas include the Saints' Roost Museum, showcasing the town's pioneer history, and Greenbelt Lake, a popular spot for outdoor recreation. The historic downtown area features quaint shops and eateries, adding to Clarendon's charm.
Benefits of Bridge Loans in Clarendon, Texas
