Get Approved at The Lowest Rate
Navigating the process of buying a new home in Groesbeck, 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 Groesbeck, TX or getting it ready for the market.
Identify the new home you want to buy in Groesbeck, 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 Groesbeck, 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 Groesbeck, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Groesbeck, 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 Groesbeck, 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 Groesbeck, 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 Groesbeck, 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 Groesbeck, 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 Groesbeck, Texas offer a convenient financing option for homeowners who are looking to purchase a new property before selling their current one. These loans provide short-term financial assistance, allowing individuals to bridge the gap between the sale of their existing home and the purchase of a new one. Demographically, Groesbeck, Texas, is a charming small town with a population of approximately X, and a median household income of Y. The town boasts a diverse community with a mix of families, young professionals, and retirees. With a low crime rate and top-rated schools, Groesbeck is an ideal place to raise a family or retire. The housing market in Groesbeck is currently thriving, with a range of housing options available to suit different needs and budgets. The median home price is Z, making it an affordable option for homebuyers. The market is stable, offering both resale and new construction properties, making it an attractive destination for individuals looking to invest in real estate.
Benefits of Bridge Loans in Groesbeck, Texas
