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Navigating the process of buying a new home in Garwood, 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 Garwood, TX or getting it ready for the market.
Identify the new home you want to buy in Garwood, 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 Garwood, 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 Garwood, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Garwood, 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 Garwood, 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 Garwood, 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 Garwood, 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 Garwood, 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 Garwood, Texas offer a valuable financing solution for individuals seeking to purchase a new home before selling their existing property. These loans provide temporary funds to cover the down payment and closing costs, allowing homeowners to secure their dream home without the stress of timing the sale of their current residence. Garwood, Texas, a small town with a population of around 1,500, boasts a close-knit community feel. The town's demographics include a mix of families and retirees, creating a diverse and welcoming environment for new residents. With a low crime rate and access to quality schools, Garwood is an ideal place to raise a family. The housing market in Garwood, Texas, offers a range of options for buyers, from charming historic homes to new construction properties. The market is currently stable, with moderate appreciation rates, making it a favorable environment for both buyers and sellers. Bridge loans can help buyers take advantage of the opportunities in this market. While Garwood may be small, it is rich in attractions. The town is surrounded by beautiful natural scenery, including parks and recreational areas, offering residents plenty of outdoor activities. Additionally, Garwood is in close proximity to major cities like Houston, providing easy access to urban amenities while enjoying a tranquil suburban lifestyle.
Benefits of Bridge Loans in Garwood, Texas
