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Navigating the process of buying a new home in Maryneal, 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 Maryneal, TX or getting it ready for the market.
Identify the new home you want to buy in Maryneal, 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 Maryneal, 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 Maryneal, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Maryneal, 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 Maryneal, 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 Maryneal, 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 Maryneal, 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 Maryneal, 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!
Benefits of Bridge Loans: Bridge loans offer quick financing solutions for individuals looking to buy a new home before selling their current one. This can help avoid the stress of temporary housing or the risk of losing out on a desired property. Demographics: Maryneal, Texas, is a small rural community with a tight-knit population. The majority of residents are families and retirees, creating a warm and welcoming atmosphere in the town. Housing Market: The housing market in Maryneal is stable with affordable prices compared to nearby cities. Bridge loans can provide the necessary financial flexibility for buyers to take advantage of these opportunities. Main Attractions: Despite its small size, Maryneal offers picturesque landscapes and outdoor activities such as hiking and fishing at nearby reservoirs. Residents also enjoy the peaceful surroundings and a slower pace of life.
Bridge Loans in Maryneal, Texas
