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Navigating the process of buying a new home in East Bernard, 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 East Bernard, TX or getting it ready for the market.
Identify the new home you want to buy in East Bernard, 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 East Bernard, 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 East Bernard, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in East Bernard, 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 East Bernard, 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 East Bernard, 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 East Bernard, 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 East Bernard, 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 a quick financing solution for homebuyers, facilitating the purchase of a new property before selling their current one. This can help avoid delays and secure the dream house without having to wait for the old property to sell. Demographics: East Bernard, Texas, is known for its small-town charm, with a population of approximately 2,200 residents. The community enjoys a suburban feel, and the majority of residents own their homes, creating a sense of stability and pride in homeownership. Housing Market: The housing market in East Bernard is characterized by a mix of historic homes and newer developments. The median home value is around $250,000, with a steady appreciation rate. Bridge loans can provide the flexibility needed to secure a new home in this competitive market. Main Attractions: East Bernard offers a range of attractions, including the East Bernard Heritage Museum, showcasing the town's rich history. Outdoor enthusiasts can enjoy hiking and fishing at the nearby Brazos Bend State Park, while foodies can savor local cuisine at charming restaurants in the area.
Bridge Loans in East Bernard, Texas
