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Navigating the process of buying a new home in Honey Grove, 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 Honey Grove, TX or getting it ready for the market.
Identify the new home you want to buy in Honey Grove, 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 Honey Grove, 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 Honey Grove, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Honey Grove, 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 Honey Grove, 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 Honey Grove, 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 Honey Grove, 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 Honey Grove, 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 in Honey Grove provide a valuable financial solution for individuals looking to purchase a new home before selling their current property. This allows for a smoother transition without the stress of timing constraints, enabling homeowners to secure their dream home without delays. Demographically, Honey Grove, Texas, is a charming small town with a population of approximately 1,700 residents. The community is close-knit and offers a peaceful, family-friendly environment, making it an ideal place for those seeking a tight-knit community with a slower pace of life. The housing market in Honey Grove is diverse, offering a range of property types from historic homes to modern developments. Bridge loans provide flexibility in this market, allowing buyers to seize opportunities quickly without being held back by the sale of their current home. Some main attractions in Honey Grove include the Sam Rayburn House Museum, which offers insight into the life of the former Speaker of the House. The town also boasts picturesque parks, local dining options, and a rich cultural heritage, making it a desirable location for residents and visitors alike.
Benefits of Bridge Loans in Honey Grove, Texas
