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Navigating the process of buying a new home in Gruver, 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 Gruver, TX or getting it ready for the market.
Identify the new home you want to buy in Gruver, 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 Gruver, 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 Gruver, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Gruver, 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 Gruver, 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 Gruver, 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 Gruver, 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 Gruver, 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 Gruver, Texas offer several benefits for homebuyers. These short-term loans provide quick financing, allowing buyers to secure a new home before selling their existing property. This can prevent delays in the buying process and help avoid the stress of temporary housing arrangements. Demographics Gruver, Texas, is a small but vibrant community with a population of approximately 1,200 residents. The town has a close-knit feel, making it an ideal place for families and individuals looking for a tight community atmosphere. The area boasts a low crime rate and a strong sense of community pride. Housing Market The housing market in Gruver, Texas, is stable and offers a range of options for buyers. Whether you are looking for a cozy single-family home or a spacious property, you can find diverse housing options in Gruver. The market is also known for its affordability, making it an attractive choice for first-time buyers. Main Attractions In addition to its housing market, Gruver offers a variety of main attractions for residents and visitors. From the beautiful Palo Duro Canyon nearby to the historic Gruver Opera House, there is no shortage of things to do and see in this charming town. Residents can also enjoy outdoor activities such as hiking, biking, and fishing in the area.
Benefits of Bridge Loans in Gruver, Texas
