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Navigating the process of buying a new home in Decatur, 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 Decatur, TX or getting it ready for the market.
Identify the new home you want to buy in Decatur, 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 Decatur, 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 Decatur, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Decatur, 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 Decatur, 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 Decatur, 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 Decatur, 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 Decatur, 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 Decatur, Texas provide homeowners with the flexibility to make a smooth transition between buying a new home and selling their current one. This type of short-term financing bridges the gap between the sale of the old property and the purchase of the new one, preventing the need for contingent offers and allowing for quicker transactions. Demographically, Decatur, Texas, is a vibrant community with a population that values a small-town feel while still enjoying convenient access to the urban amenities of the Dallas-Fort Worth metroplex. The city boasts a diverse population, a strong sense of community spirit, and a focus on family-friendly living. In terms of the housing market, Decatur offers a mix of traditional single-family homes, rural properties, and new developments, catering to a wide range of homebuyers. The market is stable, with moderate appreciation rates, making it an attractive option for those looking to invest in real estate in a growing area. Main attractions in Decatur include the historic downtown square, which hosts a variety of shops, restaurants, and community events. Nature lovers can explore the nearby LBJ National Grasslands, while history buffs can visit the Wise County Heritage Museum to learn about the area's rich past.
Benefits of Bridge Loans in Decatur, Texas
