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Navigating the process of buying a new home in Hermleigh, 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 Hermleigh, TX or getting it ready for the market.
Identify the new home you want to buy in Hermleigh, 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 Hermleigh, 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 Hermleigh, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hermleigh, 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 Hermleigh, 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 Hermleigh, 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 Hermleigh, 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 Hermleigh, 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 provide a short-term financing solution for homebuyers allowing them to purchase a new home before selling their current one. This flexible option helps avoid timing issues and ensures a smooth transition. In a competitive market like Hermleigh, Texas, bridge loans give buyers a competitive edge by providing the needed funds quickly. Demographics: Hermleigh, Texas, boasts a diverse population with a mix of young families and retirees. The town offers a tight-knit community feel with various cultural backgrounds, making it an inclusive place to call home. The median household income is above the national average, reflecting the town's economic stability and growth. Housing Market: The housing market in Hermleigh, Texas, is dynamic with a range of options from charming historic homes to modern developments. Bridge loans play a crucial role in facilitating quick transactions, especially in a market where properties move swiftly. The real estate market in Hermleigh is on an upward trend, making it an attractive investment opportunity. Main Attractions: Hermleigh, Texas, is known for its scenic landscapes, offering outdoor enthusiasts ample opportunities for hiking, fishing, and relaxation. The town also hosts local events that bring the community together, fostering a strong sense of belonging. With a rich cultural heritage and welcoming atmosphere, Hermleigh is a hidden gem in Texas.
Benefits of Bridge Loans in Hermleigh, Texas
