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Navigating the process of buying a new home in Moran, 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 Moran, TX or getting it ready for the market.
Identify the new home you want to buy in Moran, 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 Moran, 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 Moran, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Moran, 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 Moran, 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 Moran, 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 Moran, 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 Moran, 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 in Moran, Texas offer a convenient financing solution for homeowners looking to purchase a new home before selling their existing one. They provide short-term funds that can cover the down payment and closing costs on the new property, ensuring a smooth transition between homes. Demographics: Moran, Texas, is a small town with a population of approximately 300 residents. The community is known for its tight-knit atmosphere, friendly neighbors, and strong sense of community spirit. The town has a mix of young families, retirees, and working professionals who enjoy the tranquil rural lifestyle. Housing Market: The housing market in Moran, Texas, is stable with a range of housing options available, including single-family homes, ranch-style properties, and some vacant land for new construction. The median home value in Moran is affordable, making it an attractive option for first-time homebuyers and families looking to settle down. Main Attractions: While Moran is a small town, it boasts several charming attractions such as the Moran Historical Museum, which showcases the town's rich history, and the nearby Clear Fork Reservoir, where residents can enjoy fishing, boating, and picnicking against a backdrop of scenic natural beauty.
Benefits of Bridge Loans in Moran, Texas
