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Navigating the process of buying a new home in Masterson, 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 Masterson, TX or getting it ready for the market.
Identify the new home you want to buy in Masterson, 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 Masterson, 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 Masterson, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Masterson, 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 Masterson, 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 Masterson, 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 Masterson, 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 Masterson, 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 Masterson, Texas offer valuable benefits for homebuyers. These short-term loans provide quick access to funds, allowing buyers to close on a new home before selling their current one. This can prevent the need for a contingency offer and increase negotiating power. Masterson, Texas, is a vibrant community with a population that values the small-town charm and peaceful surroundings. The demographics showcase a mix of families, young professionals, and retirees, creating a diverse and welcoming neighborhood. The strong sense of community and excellent schools make Masterson an attractive place to live. The housing market in Masterson, Texas, is competitive and offers a variety of housing options to cater to different preferences and budgets. The market has shown steady growth in recent years, with opportunities for both buyers and sellers. The median home price is affordable compared to neighboring areas, making Masterson an appealing location for those looking to invest in real estate. Masterson, Texas, is home to several main attractions that appeal to residents and visitors alike. From the picturesque Masterson Lake for outdoor enthusiasts to the historic downtown area with charming shops and restaurants, there is something for everyone to enjoy in this lively community.
Benefits of Bridge Loans in Masterson, Texas
