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Navigating the process of buying a new home in Itasca, 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 Itasca, TX or getting it ready for the market.
Identify the new home you want to buy in Itasca, 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 Itasca, 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 Itasca, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Itasca, 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 Itasca, 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 Itasca, 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 Itasca, 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 Itasca, 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 offer numerous benefits to individuals in Itasca, Texas. These short-term loans provide quick access to funds to bridge the gap between the purchase of a new home and the sale of the current one. By securing a bridge loan, residents of Itasca can avoid the stress of carrying two mortgages simultaneously. Demographics: Itasca, Texas, is a quaint town with a population of approximately 1,800 residents. The community is known for its friendly atmosphere and tight-knit feel, making it an ideal place to raise a family or retire peacefully. The town boasts a mix of young families and older residents, creating a diverse and vibrant community. Housing Market: Itasca's housing market is currently experiencing steady growth, with an increase in demand for homes in recent years. The average home price in Itasca is affordable compared to neighboring cities, making it an attractive option for first-time homebuyers. Bridge loans facilitate the process of buying and selling homes in a competitive market, allowing residents to take advantage of favorable opportunities. Main Attractions: Itasca offers a range of attractions for residents and visitors alike. The town is home to charming local shops, delicious restaurants, and beautiful parks. Outdoor enthusiasts can enjoy activities such as hiking, fishing, and picnicking in the picturesque surroundings of Itasca. Additionally, the town hosts community events and festivals throughout the year, fostering a strong sense of community spirit.
Benefits of Bridge Loans in Itasca, Texas
