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Navigating the process of buying a new home in Kerens, 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 Kerens, TX or getting it ready for the market.
Identify the new home you want to buy in Kerens, 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 Kerens, 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 Kerens, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Kerens, 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 Kerens, 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 Kerens, 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 Kerens, 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 Kerens, 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 Kerens, Texas offer a valuable financial solution for homeowners who are looking to purchase a new home before selling their existing one. These loans provide temporary financing to bridge the gap between the sale of the current property and the purchase of a new one. One major benefit is the flexibility they offer in terms of timing, allowing individuals to secure their new home without the stress of a prolonged selling process. Demographics Kerens, Texas, boasts a diverse population with a mix of age groups and backgrounds. The town has a strong sense of community and is known for its friendly residents. The median household income in Kerens is around the national average, making it an affordable place to live for many families. The town's demographics reflect a blend of rural and small-town lifestyles, creating a welcoming environment for new residents. Housing Market The housing market in Kerens, Texas, is stable and offers a range of options for homebuyers. From charming historic homes to modern developments, there is something for everyone in this quaint town. The median home price in Kerens is below the state average, making it an attractive location for those looking to invest in real estate. With the help of bridge loans, buyers can take advantage of the favorable market conditions and secure their dream home in Kerens. Main Attractions Kerens, Texas, is known for its scenic beauty and outdoor recreational opportunities. The town's close proximity to Richland Chambers Reservoir makes it a popular destination for fishing and boating enthusiasts. Additionally, Kerens hosts community events throughout the year, including festivals and fairs that showcase the local culture. For those interested in history, the town's historic downtown area offers a glimpse into its past with charming storefronts and architecture.
The Benefits of Bridge Loans in Kerens, Texas
