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Navigating the process of buying a new home in Krum, 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 Krum, TX or getting it ready for the market.
Identify the new home you want to buy in Krum, 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 Krum, 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 Krum, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Krum, 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 Krum, 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 Krum, 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 Krum, 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 Krum, 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 offer flexibility to homebuyers in Krum, Texas by providing funds for a down payment on a new home before selling their current one. This helps avoid the stress of timing issues involved in buying and selling simultaneously. Demographics in Krum show a small-town feel with a population of about 5,000 residents. The community is close-knit, offering a safe environment with good schools, making it an attractive place for families. The housing market in Krum is stable with moderate home prices. The town offers a mix of single-family homes and rural properties, catering to various preferences and budgets, making it a promising location for real estate investments. Main attractions in Krum include the Krum Heritage Museum, showcasing the town’s rich history, as well as outdoor recreational activities in the nearby parks and lakes. The small-town charm and friendly residents make Krum a welcoming place to call home.
Benefits of Bridge Loans in Krum, Texas
