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Navigating the process of buying a new home in Gorman, 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 Gorman, TX or getting it ready for the market.
Identify the new home you want to buy in Gorman, 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 Gorman, 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 Gorman, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Gorman, 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 Gorman, 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 Gorman, 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 Gorman, 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 Gorman, 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 Gorman, Texas offer a lifeline for homeowners looking to purchase a new property before selling their existing one. This type of financing provides quick access to funds, allowing individuals to bridge the gap in financing seamlessly. Demographics in Gorman, Texas, show a small and close-knit community with a population that values the small-town charm. With a lower cost of living compared to urban areas, Gorman attracts residents looking for a peaceful and family-friendly environment. The housing market in Gorman, Texas, is stable, offering a mix of historic homes and new developments. The median home price is affordable, making it an attractive option for first-time homebuyers and families looking to settle down in a tight-knit community. Some of the main attractions in Gorman, Texas, include the Gorman Heritage Farm, a historical site that offers educational programs and farm experiences for visitors of all ages. Additionally, the local parks and recreational areas provide ample opportunities for outdoor activities and community gatherings.
Benefits of Bridge Loans in Gorman, Texas
