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Navigating the process of buying a new home in Douglass, 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 Douglass, TX or getting it ready for the market.
Identify the new home you want to buy in Douglass, 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 Douglass, 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 Douglass, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Douglass, 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 Douglass, 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 Douglass, 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 Douglass, 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 Douglass, 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 borrowers the flexibility to purchase a new property before selling their current one. In Douglass, Texas, this can be especially advantageous due to the competitive real estate market. These loans provide a short-term financial solution to secure a new home without the pressure of immediate selling. Demographics: Douglass, Texas, is a small community with a population that values its close-knit feel. With a median age of X and a growing number of families moving to the area, the demand for housing is steadily increasing. Housing Market: The housing market in Douglass offers a mix of traditional single-family homes and newer developments. The average home price is around $X, making it an affordable option for first-time buyers and families looking to settle down in a peaceful neighborhood. Main Attractions: Despite its small size, Douglass has some hidden gems, including the beautiful XYZ Park, known for its scenic trails and family-friendly activities. The town's local eateries and shops also contribute to its charm, offering residents a taste of quaint country living.
Benefits of Bridge Loans in Douglass, Texas
