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Navigating the process of buying a new home in Dougherty, 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 Dougherty, TX or getting it ready for the market.
Identify the new home you want to buy in Dougherty, 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 Dougherty, 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 Dougherty, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Dougherty, 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 Dougherty, 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 Dougherty, 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 Dougherty, 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 Dougherty, 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 Dougherty, Texas offer a convenient way for homeowners to bridge the gap between the purchase of a new home and the sale of an existing property. This can help individuals avoid the stress of coordinating two real estate transactions simultaneously. Demographics in Dougherty, Texas show a diverse community with a mix of young families and retirees. The town has a close-knit feel, and residents enjoy a slower pace of life compared to larger cities, making it an ideal place for those seeking a peaceful environment. The housing market in Dougherty, Texas is stable and offers a range of options from historic homes to modern developments. Bridge loans can be particularly advantageous in this market by providing the flexibility needed to secure a new property quickly while waiting for the sale of the current one. Main attractions in Dougherty, Texas include the beautiful Dougherty Park, known for its scenic walking trails and picnic spots. The town also boasts charming local shops and restaurants, making it a delightful place to explore and relax.
Benefits of Bridge Loans in Dougherty, Texas
