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Navigating the process of buying a new home in Emory, 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 Emory, TX or getting it ready for the market.
Identify the new home you want to buy in Emory, 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 Emory, 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 Emory, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Emory, 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 Emory, 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 Emory, 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 Emory, 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 Emory, 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 Emory, Texas offer a valuable financial solution for residents looking to bridge the gap between buying a new home and selling their existing one. These loans provide the flexibility to make a competitive offer on a new property without being contingent on the sale of your current home. Demographically, Emory is a charming town located in Rains County, Texas. With a population of around 1,200 residents, it offers a close-knit community feel perfect for families and retirees alike. The town's proximity to Lake Fork, known for its excellent fishing opportunities, attracts outdoor enthusiasts looking for a peaceful retreat. In terms of the housing market, Emory boasts a diverse range of properties, from historic homes to modern developments. The market is competitive yet affordable, making it an attractive option for those seeking a balance between small-town living and access to urban amenities in nearby cities like Dallas. Bridge loans can help buyers act quickly in this dynamic market. Main attractions in Emory include the Lake Fork Golf Club, a popular destination for golf enthusiasts, and the Emory City Park, which offers recreational facilities for all ages. The town's historic downtown area features local shops and restaurants, preserving its rich heritage while embracing growth and development.
Benefits of Bridge Loans in Emory, Texas
