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Navigating the process of buying a new home in Henderson, 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 Henderson, TX or getting it ready for the market.
Identify the new home you want to buy in Henderson, 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 Henderson, 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 Henderson, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Henderson, 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 Henderson, 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 Henderson, 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 Henderson, 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 Henderson, 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 flexible financing option for homebuyers in Henderson, Texas. They provide the means to purchase a new home before selling the existing one, avoiding the need for a contingent offer. This can give buyers a competitive edge in the real estate market. Henderson, Texas, is a vibrant community with a diverse population. The median age is 36, and the median household income is around $45,000. The city has a mix of young families, professionals, and retirees, creating a dynamic and welcoming atmosphere. The housing market in Henderson is robust, with a steady demand for homes. The median home price is $150,000, making it an affordable option for first-time buyers and those looking to upgrade. Bridge loans can help buyers secure their dream home in this competitive market. Some of the main attractions in Henderson include Lake Forest Park, where residents can enjoy picnicking, fishing, and boating. The Depot Museum showcases the city's history, while the Kanwaka Historic District offers a glimpse into the past with its well-preserved architecture.
The Benefits of Bridge Loans in Henderson, Texas
