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Navigating the process of buying a new home in Damon, 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 Damon, TX or getting it ready for the market.
Identify the new home you want to buy in Damon, 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 Damon, 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 Damon, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Damon, 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 Damon, 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 Damon, 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 Damon, 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 Damon, 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 Damon, Texas offer numerous benefits to residents and investors. These short-term loans provide financial flexibility by allowing borrowers to purchase a new property before selling their existing one. This prevents the need for contingent offers and enables quick closings, giving a competitive edge in the real estate market. Demographically, Damon, Texas, is a small town with a population of approximately 800 residents. The community is close-knit, offering a peaceful and tight community bond. The town boasts a diverse population with a mix of families, professionals, and retirees, making it an inclusive and welcoming place to live. In terms of the housing market, Damon, Texas, is experiencing steady growth with a healthy balance between supply and demand. The median home price is affordable, making it an attractive option for first-time homebuyers and investors. The market offers a variety of housing options, from traditional single-family homes to modern condos and townhouses. Main attractions in Damon, Texas, include the beautiful Brazos Bend State Park, known for its scenic trails, diverse wildlife, and outdoor recreational activities. Residents can also enjoy the local eateries, shops, and community events that add to the town's charm and character.
Benefits of Bridge Loans in Damon, Texas
