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Navigating the process of buying a new home in Greenwood, 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 Greenwood, TX or getting it ready for the market.
Identify the new home you want to buy in Greenwood, 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 Greenwood, 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 Greenwood, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Greenwood, 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 Greenwood, 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 Greenwood, 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 Greenwood, 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 Greenwood, 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!
Benefits of Bridge Loans: Bridge loans in Greenwood, Texas provide short-term financing that helps bridge the gap between buying a new home and selling the current one. They offer flexibility and quick access to funds, making them ideal for homebuyers in transitional periods. Demographics: Greenwood, Texas, is a vibrant community with a diverse population. The area boasts a mix of young families, professionals, and retirees, creating a rich tapestry of residents. The town values community spirit and offers a welcoming environment for all. Housing Market: The housing market in Greenwood, Texas, is robust and offers a range of options for homebuyers. From cozy single-family homes to spacious estates, the town caters to various preferences. The market is competitive yet stable, making it an attractive location for those seeking to buy or sell property. Main Attractions: Greenwood, Texas, is known for its scenic beauty and outdoor recreation options. Residents and visitors can enjoy hiking trails, parks, and vibrant community events. The town also boasts charming local shops, dining venues, and cultural attractions, adding to its appeal as a place to live and visit.
Bridge Loans in Greenwood, Texas
