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Navigating the process of buying a new home in Hufsmith, 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 Hufsmith, TX or getting it ready for the market.
Identify the new home you want to buy in Hufsmith, 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 Hufsmith, 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 Hufsmith, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hufsmith, 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 Hufsmith, 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 Hufsmith, 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 Hufsmith, 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 Hufsmith, 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 Hufsmith, Texas offer numerous benefits to homebuyers. They provide interim financing, allowing buyers to bridge the gap between the purchase of a new home and the sale of their current property. This can help avoid a contingent offer, making the purchase more attractive to sellers. Demographics in Hufsmith, Texas show a diverse community with a mix of families and young professionals. The area boasts a median household income slightly above the national average, indicating a stable economic environment. The population is growing steadily, showing interest in the area as a residential destination. The housing market in Hufsmith, Texas is vibrant, with a range of property options available. From single-family homes to condominiums, buyers have choices to suit their preferences and budget. The market is competitive yet stable, offering opportunities for both buyers and sellers. Some main attractions in Hufsmith, Texas include beautiful parks and nature reserves, providing opportunities for outdoor activities such as hiking and biking. The town also features charming local shops and restaurants, adding to its appeal as a desirable place to live.
Benefits of Bridge Loans in Hufsmith, Texas
