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Navigating the process of buying a new home in Hobson, 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 Hobson, TX or getting it ready for the market.
Identify the new home you want to buy in Hobson, 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 Hobson, 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 Hobson, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hobson, 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 Hobson, 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 Hobson, 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 Hobson, 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 Hobson, 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 immediate financing to facilitate the purchase of a new property before selling an existing one. In Hobson, Texas, these loans offer flexibility and quick access to funds, making it easier for residents to transition smoothly between homes. Demographically, Hobson is a small town in Texas with a close-knit community. The population consists of diverse age groups, from young families to retirees, creating a welcoming atmosphere for new residents. The town's location offers a peaceful retreat from city life while still being conveniently close to urban amenities. The housing market in Hobson presents various opportunities for buyers and sellers. With a mix of historic homes and modern developments, there is a range of options to suit different preferences and budgets. The real estate market is stable, providing a solid foundation for investment and growth. Main attractions in Hobson include scenic parks, local eateries serving delicious Texas cuisine, and cultural events that celebrate the town's rich history. Residents enjoy outdoor activities like hiking and fishing, making it a desirable place to live for nature enthusiasts and those seeking a tranquil lifestyle.
Benefits of Bridge Loans in Hobson, Texas
