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Navigating the process of buying a new home in Detroit, 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 Detroit, TX or getting it ready for the market.
Identify the new home you want to buy in Detroit, 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 Detroit, 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 Detroit, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Detroit, 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 Detroit, 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 Detroit, 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 Detroit, 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 Detroit, 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!
Benefits of Bridge Loans: Bridge loans offer quick financing solutions for individuals looking to purchase a new property before selling their current one. In Detroit, Texas, this type of loan can be particularly beneficial due to the competitive real estate market and high demand for properties in the area. Demographics: Detroit, Texas, is a small town with a population of approximately 700 residents. The community is close-knit, offering a friendly atmosphere for both families and retirees. The town has a suburban feel and is known for its peaceful surroundings and tight community bonds. Housing Market: The housing market in Detroit, Texas, is dynamic, with a mix of historic homes and modern properties available. The average home price is affordable compared to larger cities, making it an attractive location for first-time homebuyers and families looking to settle down in a quieter setting. Main Attractions: Detroit, Texas, offers a range of attractions, including picturesque parks, local diners, and historical sites that showcase the town's rich heritage. Residents enjoy outdoor activities such as hiking, fishing, and community events that bring people together.
Bridge Loans in Detroit, Texas
