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Navigating the process of buying a new home in Hughes Springs, 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 Hughes Springs, TX or getting it ready for the market.
Identify the new home you want to buy in Hughes Springs, 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 Hughes Springs, 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 Hughes Springs, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hughes Springs, 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 Hughes Springs, 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 Hughes Springs, 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 Hughes Springs, 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 Hughes Springs, 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 Hughes Springs, Texas offer numerous advantages to borrowers. These short-term loans provide immediate access to funds for purchasing a new home before selling an existing one. They help in avoiding contingent offers, giving buyers a competitive edge in the real estate market. Demographically, Hughes Springs is a vibrant community with a population that values its close-knit small-town feel. The town has a mix of families, young professionals, and retirees, making it a diverse and welcoming place to live. The cost of living is reasonable, making it an attractive option for those looking to settle in a peaceful environment. The housing market in Hughes Springs is stable, with a range of properties available to suit different preferences and budgets. Bridge loans can facilitate quick property purchases, allowing buyers to take advantage of favorable market conditions. With a mix of traditional homes and modern developments, the town offers something for everyone. Some of the main attractions in Hughes Springs include the beautiful Lakeside Park, known for its picturesque scenery and recreational activities. The town also boasts a charming downtown area with local shops and eateries, perfect for leisurely strolls and community gatherings. Additionally, the annual Bluegrass Festival attracts music lovers from near and far, showcasing local talent and fostering a sense of community spirit.
Benefits of Bridge Loans in Hughes Springs, Texas
