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Navigating the process of buying a new home in Kemp, 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 Kemp, TX or getting it ready for the market.
Identify the new home you want to buy in Kemp, 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 Kemp, 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 Kemp, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Kemp, 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 Kemp, 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 Kemp, 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 Kemp, 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 Kemp, 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 Benefits: Bridge loans offer a quick financing solution for those looking to buy a new property before selling their existing one. They provide short-term funds to bridge the gap between transactions, allowing homeowners to avoid missing out on their dream home. Demographics: Kemp, Texas, has a population of approximately 1,100 residents. The town boasts a close-knit community feel with a mix of young families and retirees. The median household income is $45,000, and the majority of residents own their homes. Housing Market: Kemp's housing market is on the rise, with an average home price of $150,000. The market is competitive, with homes selling quickly due to the town's charm and proximity to major cities. Bridge loans can help buyers secure their desired property in this active market. Main Attractions: Kemp offers a range of attractions, including the Cedar Creek Lake, ideal for fishing and boating enthusiasts. The town also features picturesque parks, local boutiques, and a thriving dining scene, making it a popular destination for visitors and new residents alike.
Benefits of Bridge Loans in Kemp, Texas
