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Navigating the process of buying a new home in Moody, 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 Moody, TX or getting it ready for the market.
Identify the new home you want to buy in Moody, 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 Moody, 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 Moody, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Moody, 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 Moody, 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 Moody, 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 Moody, 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 Moody, 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 Moody, Texas offer quick access to funds, allowing individuals to bridge the gap between the purchase of a new home and the sale of their current one. This financial tool provides flexibility and can help avoid the stress of timing a home sale and purchase. Demographics in Moody, Texas show a diverse community with a mix of age groups and family sizes. The town has a strong sense of community, with residents who take pride in their small-town atmosphere and welcoming spirit. The housing market in Moody, Texas, is competitive yet offers a range of options for buyers. With a mix of traditional single-family homes and newer developments, there is something for everyone in terms of housing preferences and budgets. Main attractions in Moody, Texas, include the Moody Museum, showcasing the town's history, and the scenic Mother Neff State Park, offering outdoor recreational activities for residents and visitors alike.
Benefits of Bridge Loans in Moody, Texas
