Get Approved at The Lowest Rate
Navigating the process of buying a new home in Garden City, 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 Garden City, TX or getting it ready for the market.
Identify the new home you want to buy in Garden City, 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 Garden City, 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 Garden City, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Garden City, 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 Garden City, 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 Garden City, 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 Garden City, 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 Garden City, 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 the advantage of providing immediate financing for individuals or families looking to purchase a new home in Garden City, Texas while awaiting the sale of their current property. This helps in securing the new property without the need for a contingency clause, making the offer more appealing to sellers. Additionally, bridge loans allow for a seamless transition between properties, reducing the stress and inconvenience of moving twice. Demographics Garden City, Texas, is a vibrant community with a population of approximately 300 residents. The town boasts a mix of families, young professionals, and retirees, creating a diverse and welcoming environment. The median household income in Garden City is above the national average, reflecting a stable and thriving economy. The housing market in Garden City offers a range of options, from charming single-family homes to spacious ranch-style properties. With a growing demand for housing in the area, property values have been steadily appreciating, making it an attractive investment opportunity. Bridge loans provide flexibility for buyers to act quickly in this competitive market. Garden City is known for its picturesque landscape, including lush parks and scenic trails that are perfect for outdoor enthusiasts. The town also hosts annual events such as the Garden City Peach Festival, showcasing local produce and fostering a sense of community spirit. Residents enjoy easy access to nearby attractions like vineyards, museums, and cultural landmarks.
Benefits of Bridge Loans in Garden City, Texas
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