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Navigating the process of buying a new home in Irene, 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 Irene, TX or getting it ready for the market.
Identify the new home you want to buy in Irene, 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 Irene, 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 Irene, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Irene, 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 Irene, 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 Irene, 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 Irene, 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 Irene, 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 Irene, Texas offer multiple benefits to borrowers. One of the key advantages is the ability to access funds quickly, allowing individuals to close on a new property before selling their existing one. This flexibility can prevent missed opportunities in the competitive real estate market. Demographically, Irene, Texas, is a diverse community with a mix of residents from various backgrounds. The town is known for its welcoming atmosphere and strong sense of community. The population is a blend of different age groups, making it a vibrant and dynamic place to live. The housing market in Irene, Texas, is witnessing steady growth, with an increase in property values and new construction projects. Bridge loans are particularly beneficial in such a market as they enable buyers to secure down payments and close deals quickly, giving them a competitive edge in the real estate landscape. When exploring Irene, Texas, visitors will find a range of attractions to enjoy. From picturesque parks and hiking trails to local eateries and cultural events, the town offers something for everyone. The friendly locals and welcoming ambiance make Irene a must-visit destination in Texas.
Benefits of Bridge Loans in Irene, Texas
