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Navigating the process of buying a new home in Kress, 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 Kress, TX or getting it ready for the market.
Identify the new home you want to buy in Kress, 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 Kress, 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 Kress, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Kress, 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 Kress, 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 Kress, 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 Kress, 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 Kress, 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 Kress, Texas offer a crucial financial solution for individuals looking to buy a new home before selling their existing one. These short-term loans provide immediate funds for down payments, allowing buyers to secure their dream homes without the hassles of contingency clauses. Demographics: Kress, Texas, is a vibrant small town with a population of approximately 700 residents. The town boasts a close-knit community where neighbors look out for one another, creating a welcoming and friendly environment for families and individuals alike. Housing Market: The housing market in Kress, Texas, is stable with a mix of traditional single-family homes and newer developments. Bridge loans can help buyers take advantage of favorable market conditions and swiftly close on properties, avoiding the risk of missing out on their ideal homes. Main Attractions: While in Kress, visitors can explore the charming downtown area, lined with local shops and restaurants. The town is also known for its beautiful parks and outdoor spaces, offering recreational activities for residents and tourists to enjoy.
Benefits of Bridge Loans in Kress, Texas
