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Navigating the process of buying a new home in Hungerford, 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 Hungerford, TX or getting it ready for the market.
Identify the new home you want to buy in Hungerford, 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 Hungerford, 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 Hungerford, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hungerford, 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 Hungerford, 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 Hungerford, 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 Hungerford, 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 Hungerford, 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 Hungerford, Texas offer numerous benefits to homebuyers. These short-term loans bridge the gap between the purchase of a new home and the sale of the previous one. They provide immediate funds for down payments, allowing buyers to secure their dream home without being contingent on selling their current property. Demographically, Hungerford is a small, close-knit community with a population of around 350 residents. The town boasts a mix of families and retirees, creating a diverse and welcoming atmosphere for new homeowners. Residents enjoy a peaceful rural lifestyle while being a short drive away from larger cities like Houston. The housing market in Hungerford is competitive yet affordable, with a median home price below the national average. Bridge loans can give buyers a competitive edge in this market by providing quick financing options and facilitating fast transactions. Home values have been steadily appreciating, making it a lucrative investment opportunity for those looking to buy property in this area. Main attractions in Hungerford include its serene natural surroundings, such as the Brazos Bend State Park with its scenic trails and wildlife. The town also has a rich historical heritage, with landmarks like the historic Hungerford School building and the quaint downtown area that offers local shopping and dining experiences.
Bridge Loans in Hungerford, Texas
