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Navigating the process of buying a new home in Klondike, 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 Klondike, TX or getting it ready for the market.
Identify the new home you want to buy in Klondike, 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 Klondike, 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 Klondike, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Klondike, 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 Klondike, 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 Klondike, 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 Klondike, 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 Klondike, 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 Klondike, Texas offer a convenient financing solution for homebuyers. These short-term loans help bridge the gap between the purchase of a new home and the sale of an existing one, allowing buyers to make a smooth transition without financial stress. Klondike, Texas, a charming small town with a population of approximately 300 residents, boasts a tight-knit community feel. The town's demographics comprise mainly of families and retirees seeking a peaceful rural lifestyle away from the bustle of city living. The housing market in Klondike, Texas, is characterized by a mix of historic homes and new developments. With affordable housing prices compared to larger metropolitan areas, Klondike attracts buyers looking for a serene environment with picturesque landscapes. Main attractions in Klondike include the renowned Klondike Rodeo, an annual event that draws visitors from neighboring towns. The town also features local parks, hiking trails, and opportunities for outdoor recreation, making it an ideal place for nature enthusiasts and families.
Benefits of Bridge Loans in Klondike, Texas
