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Navigating the process of buying a new home in Glen Rose, 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 Glen Rose, TX or getting it ready for the market.
Identify the new home you want to buy in Glen Rose, 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 Glen Rose, 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 Glen Rose, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Glen Rose, 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 Glen Rose, 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 Glen Rose, 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 Glen Rose, 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 Glen Rose, 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 Glen Rose, Texas provide a convenient financing solution for individuals who are looking to purchase a new home before selling their existing one. This type of loan allows borrowers to access the equity in their current property to finance the purchase of a new one, bridging the gap between the two transactions. Glen Rose, Texas, is a charming town located in Somervell County with a population of approximately 2,500 residents. The town boasts a rich history, friendly community, and a low crime rate, making it an ideal place to raise a family or retire in a peaceful setting. The housing market in Glen Rose offers a mix of historic homes, new developments, and rural properties with diverse architectural styles. The median home value in Glen Rose is around $200,000, making it an affordable option for homebuyers looking to invest in a property with growth potential. Some main attractions in Glen Rose include the Dinosaur Valley State Park, where visitors can explore dinosaur tracks, Fossil Rim Wildlife Center, offering safari tours to see exotic animals, and the Glen Rose Historic Downtown Square, lined with shops, restaurants, and cultural venues.
Benefits of Bridge Loans in Glen Rose, Texas
