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Navigating the process of buying a new home in Groves, 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 Groves, TX or getting it ready for the market.
Identify the new home you want to buy in Groves, 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 Groves, 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 Groves, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Groves, 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 Groves, 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 Groves, 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 Groves, 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 Groves, 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 Groves, Texas offer flexibility for homeowners looking to purchase a new property before selling their current one. These short-term loans provide immediate funds for down payments, allowing buyers to act quickly in a competitive market. Demographics in Groves, Texas show a diverse community with a strong sense of neighborly support. The city has a mix of families, young professionals, and retirees, creating a vibrant and welcoming environment. The housing market in Groves, Texas is dynamic, with a range of property types available to suit different preferences and budgets. The market is stable, offering opportunities for both buyers and sellers, making it an attractive location for real estate investments. Main attractions in Groves, Texas include the beautiful Riverfront Park, which offers scenic views and recreational activities for residents and visitors alike. The city also boasts a variety of dining options, shopping centers, and cultural events, making it a lively place to live and visit.
Benefits of Bridge Loans in Groves, Texas
