Get Approved at The Lowest Rate
Navigating the process of buying a new home in Grand Saline, 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 Grand Saline, TX or getting it ready for the market.
Identify the new home you want to buy in Grand Saline, 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 Grand Saline, 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 Grand Saline, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Grand Saline, 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 Grand Saline, 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 Grand Saline, 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 Grand Saline, 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 Grand Saline, 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 the advantage of providing quick access to capital for those looking to secure a new home in Grand Saline, Texas before selling their current property. These short-term loans bridge the gap between the sale of the old property and the purchase of the new one, preventing individuals from missing out on their dream homes due to financial constraints. Demographics: Grand Saline, located in Van Zandt County, Texas, has a population of around 3,000 residents. With a median age of 43, the town offers a warm and welcoming community feel, ideal for families and retirees alike. The cost of living is relatively affordable compared to other parts of the state, making it an attractive option for those seeking a tight-knit community. Housing Market: The housing market in Grand Saline is thriving, with a diverse range of properties available to suit various budgets and preferences. The median home price in the area is competitive, making it an excellent investment opportunity for potential buyers. The market has shown steady growth in recent years, indicating stability and potential for further appreciation. Main Attractions: Grand Saline boasts numerous attractions, including the historic Salt Palace, where visitors can learn about the town's rich history in salt production. The area offers picturesque natural surroundings, such as the nearby East Texas Arboretum and Botanical Society, providing ample opportunities for outdoor activities and exploration.
The Benefits of Bridge Loans in Grand Saline, Texas
