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Navigating the process of buying a new home in Gail, 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 Gail, TX or getting it ready for the market.
Identify the new home you want to buy in Gail, 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 Gail, 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 Gail, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Gail, 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 Gail, 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 Gail, 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 Gail, 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 Gail, 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 Gail, Texas offer a flexible financing solution for individuals looking to buy a new home before selling their current one. These loans provide quick access to funds, allowing buyers to bridge the gap between the sale of their existing home and the purchase of a new one, avoiding the need for a contingency offer. Gail, Texas, with a population of approximately 230 residents, is a peaceful small town known for its tight-knit community and picturesque landscapes. The town boasts a rich history and a low crime rate, making it an ideal place for families and retirees seeking a tranquil living environment. The housing market in Gail, Texas, offers a mix of traditional single-family homes and spacious ranch-style properties. With a median home value below the national average, Gail presents affordable housing options for those looking to relocate to a serene setting with easy access to urban amenities in nearby cities. Some of the main attractions in Gail, Texas, include the Borden County Museum, showcasing the town's history, and the beautiful Caprock Canyons State Park, a popular destination for outdoor enthusiasts offering hiking, camping, and wildlife viewing opportunities.
Benefits of Bridge Loans in Gail, Texas
