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Navigating the process of buying a new home in Hemphill, 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 Hemphill, TX or getting it ready for the market.
Identify the new home you want to buy in Hemphill, 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 Hemphill, 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 Hemphill, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hemphill, 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 Hemphill, 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 Hemphill, 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 Hemphill, 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 Hemphill, 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 quick access to funds, allowing homeowners to buy a new property before selling their current one. This can prevent missed opportunities and provide flexibility during the transition. Demographics: Hemphill, Texas, has a diverse population with a mix of professionals, families, and retirees. The community values its small-town charm and close-knit feel, making it an attractive place to live for people of all ages. Housing Market: The housing market in Hemphill is competitive yet affordable, with a range of options from cozy single-family homes to spacious waterfront properties. Bridge loans can help buyers secure their dream homes in this thriving market. Main Attractions: Hemphill is known for its beautiful natural surroundings, including the stunning Toledo Bend Reservoir, perfect for fishing and boating enthusiasts. The town also boasts charming local shops, restaurants, and a welcoming community atmosphere.
Benefits of Bridge Loans in Hemphill, Texas
