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Navigating the process of buying a new home in Gordonville, 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 Gordonville, TX or getting it ready for the market.
Identify the new home you want to buy in Gordonville, 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 Gordonville, 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 Gordonville, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Gordonville, 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 Gordonville, 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 Gordonville, 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 Gordonville, 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 Gordonville, 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 immediate funds for purchasing a new property before selling the existing one, providing flexibility and speed in transitioning homes. Demographics: Gordonville, Texas, has a population of approximately 1,600 residents. The town boasts a close-knit community with a median age of 52, making it an ideal location for retirees and those seeking a peaceful lifestyle. Housing Market: Gordonville's housing market is dynamic, with a mix of single-family homes and waterfront properties. The median home price is $250,000, making it an affordable option for buyers looking to invest in a scenic location with potential for future growth. Main Attractions: Gordonville's proximity to Lake Texoma offers residents and visitors opportunities for fishing, boating, and other water activities. The town also features the Tanglewood Resort and Highport Marina, providing leisure and entertainment options for all ages.
Benefits of Bridge Loans in Gordonville, Texas
