Get Approved at The Lowest Rate
Navigating the process of buying a new home in Groom, 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 Groom, TX or getting it ready for the market.
Identify the new home you want to buy in Groom, 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 Groom, 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 Groom, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Groom, 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 Groom, 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 Groom, 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 Groom, 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 Groom, 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 offer quick financing solutions for homeowners looking to buy a new home before selling their existing one. In a competitive market like Groom, Texas, bridge loans provide the flexibility and speed needed to secure a new property without the stress of waiting for the current home to sell. Demographics: Groom, Texas, is a small town with a population of around 600 residents. The community is close-knit, with a mix of families and retirees. The town has a strong sense of community spirit and offers a safe and peaceful environment for residents. Housing Market: The housing market in Groom, Texas, is stable with a mix of single-family homes and ranch-style properties. The median home price is affordable compared to nearby cities, making it an attractive option for homebuyers looking for a peaceful rural setting. Main Attractions: Groom, Texas, is home to the famous Leaning Water Tower, a unique roadside attraction that draws visitors from across the country. The town also boasts beautiful parks, hiking trails, and a rich local history that make it a charming place to live and visit.
Benefits of Bridge Loans in Groom, Texas
