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Navigating the process of buying a new home in Karnack, 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 Karnack, TX or getting it ready for the market.
Identify the new home you want to buy in Karnack, 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 Karnack, 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 Karnack, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Karnack, 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 Karnack, 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 Karnack, 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 Karnack, 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 Karnack, 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!
A bridge loan in Karnack, Texas, provides individuals with the financial flexibility to purchase a new home before selling their current one. This allows for a smoother transition between properties without the pressure of a quick sale. Karnack, Texas, is a quaint town with a population of approximately 550 residents. The local demographics show a close-knit community with a mix of age groups. The town offers a peaceful and serene environment, making it an ideal place for families and retirees. The housing market in Karnack is characterized by a range of property types, including single-family homes and spacious ranch-style houses. The market is relatively stable, with affordable home prices compared to nearby urban areas, making it an attractive option for homebuyers looking for a peaceful retreat. Main attractions in Karnack include the Caddo Lake State Park, known for its picturesque lake views and outdoor recreational activities. Additionally, visitors can explore the nearby historic landmarks such as the Karnack Historical District, offering a glimpse into the town's rich heritage.
Benefits of Bridge Loans in Karnack, Texas
