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Navigating the process of buying a new home in Greenville, 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 Greenville, TX or getting it ready for the market.
Identify the new home you want to buy in Greenville, 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 Greenville, 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 Greenville, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Greenville, 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 Greenville, 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 Greenville, 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 Greenville, 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 Greenville, 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 a flexible financing option for homeowners in Greenville, Texas, allowing them to bridge the gap between the sale of their current home and the purchase of a new one. This can be particularly useful in competitive real estate markets where quick transactions are essential. Demographic data shows that Greenville, Texas, is a growing city with a diverse population. The median age is around 32 years old, making it an attractive location for young families and professionals looking to settle down. The city's educational institutions and job opportunities also contribute to its appeal. The housing market in Greenville, Texas, is experiencing steady growth, with property values increasing year over year. Bridge loans can help buyers take advantage of these favorable market conditions by providing immediate access to funds for a down payment, enabling them to secure their dream home in a competitive market. Main attractions in Greenville, Texas, include the Audie Murphy/American Cotton Museum, offering insights into the city's rich history, and the Greenville Municipal Auditorium, hosting a variety of cultural events throughout the year. Residents and visitors alike can also enjoy outdoor activities at the Greenville Sports Park.
Benefits of Bridge Loans in Greenville, Texas
