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Navigating the process of buying a new home in Electra, 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 Electra, TX or getting it ready for the market.
Identify the new home you want to buy in Electra, 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 Electra, 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 Electra, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Electra, 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 Electra, 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 Electra, 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 Electra, 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 Electra, 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 Electra, Texas offer a convenient and flexible financing option for individuals looking to buy a new home before selling their current property. These loans provide quick access to capital, enabling buyers to secure a new home without the stress of waiting for their existing property to sell. Demographics: Electra, Texas, located in Wichita County, has a population of approximately 2,800 residents. The town has a diverse community with a mix of families, young professionals, and retirees, creating a vibrant and welcoming atmosphere. Housing Market: Electra's housing market offers a range of options, from charming historic homes to modern developments. The average home value in Electra is $72,000, making it an affordable place to live. Bridge loans can help buyers take advantage of these opportunities without missing out on their dream home. Main Attractions: Electra is home to the historic Electra Waggoner Estate, offering a glimpse into the area's rich history. The town also hosts the Electra Grand Theatre, where residents can enjoy a variety of performances and events. Additionally, Electra Lake provides outdoor recreational activities such as fishing and boating for residents to enjoy.
Benefits of Bridge Loans in Electra, Texas
