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Navigating the process of buying a new home in Groveton, 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 Groveton, TX or getting it ready for the market.
Identify the new home you want to buy in Groveton, 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 Groveton, 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 Groveton, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Groveton, 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 Groveton, 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 Groveton, 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 Groveton, 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 Groveton, 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 access to funds for individuals looking to purchase a new home before selling their existing one. This can help avoid the hassle of coordinating closing dates and can provide cash flow flexibility during the transition period. Demographics in Groveton, Texas: Groveton, Texas, is a small town with a population that is known for its friendly and close-knit community. The residents here take pride in the town's history and traditions, making it an ideal place for families and individuals looking for a tight community bond. Housing Market in Groveton, Texas: The housing market in Groveton offers diverse options ranging from historic homes to new developments. The town boasts affordable housing prices compared to metropolitan areas, making it an attractive option for first-time homebuyers and those looking to invest in real estate. Main Attractions in Groveton, Texas: Groveton is known for its natural beauty, with proximity to outdoor recreational activities such as hiking, fishing, and boating. The town also has a rich cultural heritage, evident in its historic buildings, museums, and local festivals that celebrate its unique history.
Benefits of Bridge Loans in Groveton, Texas
