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Navigating the process of buying a new home in Donie, 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 Donie, TX or getting it ready for the market.
Identify the new home you want to buy in Donie, 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 Donie, 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 Donie, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Donie, 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 Donie, 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 Donie, 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 Donie, 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 Donie, 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 Bridge loans in Donie, Texas offer a convenient short-term financing solution for homebuyers. They provide the flexibility to secure a new home before selling the existing one, avoiding the need for a contingent offer. Demographics Donie, Texas, with a population of approximately 300 residents, offers a close-knit community feel. The median household income is $45,000, and most residents own their homes. Housing Market The housing market in Donie is competitive yet affordable. The median home value is $120,000, with prices appreciating steadily. Bridge loans can help buyers act quickly in this market. Main Attractions Donie boasts scenic parks, such as Lake Limestone, ideal for outdoor activities like fishing and camping. The town also hosts community events that bring residents together and create a vibrant atmosphere.
Bridge Loans in Donie, Texas
