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Navigating the process of buying a new home in Kilgore, 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 Kilgore, TX or getting it ready for the market.
Identify the new home you want to buy in Kilgore, 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 Kilgore, 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 Kilgore, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Kilgore, 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 Kilgore, 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 Kilgore, 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 Kilgore, 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 Kilgore, 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 Kilgore, Texas offer a valuable financial solution for those looking to transition smoothly between the sale of their current home and the purchase of a new one. These short-term loans provide the flexibility to secure a new property before selling the existing one, eliminating the need for contingent offers and allowing for a quicker and more convenient home buying process. Demographics in Kilgore, Texas, show a vibrant community with a population that appreciates the small-town charm while benefiting from close proximity to urban amenities. With a median age of 38.9 and a median household income above the national average, Kilgore offers a stable environment for families and individuals looking to settle down or invest in real estate. The housing market in Kilgore, Texas, is characterized by a diverse range of properties, from historic homes to modern developments, catering to various preferences and budgets. With a steady appreciation in property values and a growing demand for housing, Kilgore presents a promising investment opportunity for those considering bridge loans to facilitate their real estate transactions. Some main attractions in Kilgore, Texas, include the East Texas Oil Museum, showcasing the region's rich petroleum history, as well as the World's Richest Acre Park, a historic downtown area that hosts events and festivals throughout the year. The city's thriving arts scene, outdoor recreational opportunities, and strong sense of community make Kilgore an attractive destination for residents and visitors alike.
Benefits of Bridge Loans in Kilgore, Texas