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Navigating the process of buying a new home in Hearne, 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 Hearne, TX or getting it ready for the market.
Identify the new home you want to buy in Hearne, 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 Hearne, 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 Hearne, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hearne, 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 Hearne, 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 Hearne, 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 Hearne, 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 Hearne, 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 offer a valuable financing solution for individuals looking to purchase a new home before selling their current one. In Hearne, Texas, these loans provide the flexibility and financial support needed to bridge the gap between transactions, avoiding the stress of timing constraints associated with traditional home-buying processes. Demographically, Hearne is a diverse and thriving community located in Robertson County, Texas, with a population of approximately 4,500 residents. The city boasts a strong sense of community and offers a range of amenities, making it an attractive location for individuals and families looking to settle down in a close-knit environment. The housing market in Hearne, Texas, is characterized by a mix of historic and modern homes, catering to a wide range of preferences and budgets. With the help of bridge loans, potential homebuyers can take advantage of the competitive real estate market in Hearne, securing their dream home without waiting for their current property to sell. Some main attractions in Hearne include the Hearne Railroad Museum Depot, offering a glimpse into the city's rich history, and the Camp Hearne Preservation Society, which showcases artifacts and stories from the World War II prisoner-of-war camp that once existed in the area. Additionally, residents and visitors can enjoy outdoor activities at Richards Memorial Park and explore the local dining and shopping scene in downtown Hearne.
Benefits of Bridge Loans in Hearne, Texas
