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Navigating the process of buying a new home in Gary, 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 Gary, TX or getting it ready for the market.
Identify the new home you want to buy in Gary, 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 Gary, 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 Gary, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Gary, 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 Gary, 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 Gary, 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 Gary, 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 Gary, 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 Gary, Texas offer a crucial financial solution for homeowners looking to purchase a new home before selling their current one. These short-term loans provide immediate funds to bridge the gap between selling a home and purchasing a new one, preventing delays or missed opportunities in real estate transactions. Demographics: Gary, Texas, is a small town with a population of approximately 350 residents. The community is tight-knit, with a mix of families and retirees. The town offers a peaceful environment and a strong sense of community, making it an ideal place to raise a family or enjoy a quiet retirement. Housing Market: The housing market in Gary, Texas, is stable, with a median home value of $150,000. The market caters to buyers looking for affordable homes in a rural setting. Bridge loans in this area are in demand to facilitate smooth transitions for homeowners and capitalize on opportunities in the local real estate market. Main Attractions: Despite its small size, Gary, Texas, boasts scenic natural beauty and outdoor recreational activities. Residents and visitors can enjoy fishing and boating at nearby lakes, hiking in the picturesque countryside, and exploring local shops and restaurants. The town's charm lies in its simplicity and tranquility, making it a hidden gem in East Texas.
Benefits of Bridge Loans in Gary, Texas
