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Navigating the process of buying a new home in Iowa Park, 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 Iowa Park, TX or getting it ready for the market.
Identify the new home you want to buy in Iowa Park, 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 Iowa Park, 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 Iowa Park, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Iowa Park, 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 Iowa Park, 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 Iowa Park, 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 Iowa Park, 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 Iowa Park, 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!
Benefits: Bridge loans offer the advantage of providing short-term financing to bridge the gap between the purchase of a new property and the sale of an existing one. They can help avoid a housing gap, allowing homeowners to secure a new home without being financially strained. Demographics: Iowa Park, Texas, is a charming small town with a population of around 6,000 residents. The community is predominantly made up of families and retirees, creating a close-knit and friendly atmosphere. Housing Market: The housing market in Iowa Park is stable with a mix of single-family homes and small apartments. The median home price is affordable, making it an attractive option for first-time homebuyers and those looking to downsize. Main Attractions: Iowa Park boasts beautiful parks such as Lake Gordon and Bradley Fair Park, offering plenty of outdoor recreational activities. The town also has a vibrant downtown area with local shops and restaurants, creating a lively and engaging community for residents.
Benefits of Bridge Loans in Iowa Park, Texas
