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Navigating the process of buying a new home in Marshall, 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 Marshall, TX or getting it ready for the market.
Identify the new home you want to buy in Marshall, 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 Marshall, 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 Marshall, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Marshall, 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 Marshall, 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 Marshall, 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 Marshall, 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 Marshall, 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!
A bridge loan in Marshall, Texas offers many benefits. It provides a short-term financing solution to bridge the gap between the purchase of a new property and the sale of an existing one. This can be especially helpful in a competitive housing market like Marshall, allowing buyers to act quickly and secure their dream home without waiting for their current property to sell. Marshall, Texas has a diverse demographic mix with a population that appreciates the city's historical charm and modern amenities. The city's population is around 24,000, with a mix of young families, professionals, and retirees. The cost of living is lower than the national average, making it an attractive place for relocation and investment. The housing market in Marshall, Texas is thriving, offering a range of options from historic homes to modern developments. With the median home value well below the national average, buyers can find affordable housing options without compromising on quality. The market is stable, showing consistent growth in property values over the years. Marshall, Texas, boasts several main attractions that draw both residents and visitors. From the Historic District with its charming shops and cafes to the Harrison County Historical Museum showcasing the city's rich history, there is something for everyone. Nature lovers can explore the Caddo Lake State Park or enjoy outdoor activities at the Marshall City Arena.
Benefits of Bridge Loans in Marshall, Texas
