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Navigating the process of buying a new home in Denver City, 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 Denver City, TX or getting it ready for the market.
Identify the new home you want to buy in Denver City, 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 Denver City, 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 Denver City, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Denver City, 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 Denver City, 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 Denver City, 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 Denver City, 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 Denver City, 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 quick access to funds for those looking to purchase a new home in Denver City, Texas before selling their current property. This can help avoid the stress of timing constraints and enables smoother transitions between homes. Demographics Denver City, Texas has a growing population, with a mix of families and professionals attracted to its small-town charm and proximity to employment opportunities in the oil and gas industry. The community prides itself on its friendly atmosphere and strong sense of community. Housing Market The housing market in Denver City, Texas offers a range of affordable options for homebuyers, from cozy single-family homes to spacious ranch-style properties. With low interest rates and steady appreciation, investing in real estate in this area can be a wise financial decision. Main Attractions Denver City, Texas boasts a variety of attractions, including beautiful parks, local restaurants serving delicious cuisine, and cultural events that celebrate the town's rich history. Residents can enjoy outdoor activities like hiking and fishing, making it a desirable place to live and visit.
Benefits of Bridge Loans in Denver City, Texas