Get Approved at The Lowest Rate
Navigating the process of buying a new home in Gladewater, 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 Gladewater, TX or getting it ready for the market.
Identify the new home you want to buy in Gladewater, 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 Gladewater, 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 Gladewater, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Gladewater, 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 Gladewater, 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 Gladewater, 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 Gladewater, 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 Gladewater, 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 Gladewater, Texas offer a quick and convenient financing solution for individuals looking to purchase a new home before selling their current one. This type of loan provides temporary funds to cover the down payment on the new property, allowing homeowners to secure their dream home without having to wait for their existing property to sell. Demographics in Gladewater, Texas show a population of around 6,000 residents with a mix of families and retirees. The town boasts a close-knit community feel, making it an ideal place for individuals looking for a peaceful and welcoming environment to call home. The housing market in Gladewater, Texas is characterized by a mix of historic and modern homes, offering a diverse range of options for buyers. The market has shown steady growth in recent years, making it an attractive location for both first-time buyers and those looking to invest in real estate. Main attractions in Gladewater, Texas include the Gladewater Museum, known for its exhibits showcasing the town's history, and the East Texas Gusher Days festival, a popular annual event celebrating the region's oil heritage. The town is also home to numerous parks and outdoor recreational areas, making it a great destination for nature lovers.
The Benefits of Bridge Loans in Gladewater, Texas
