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Navigating the process of buying a new home in Nazareth, 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 Nazareth, TX or getting it ready for the market.
Identify the new home you want to buy in Nazareth, 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 Nazareth, 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 Nazareth, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Nazareth, 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 Nazareth, 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 Nazareth, 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 Nazareth, 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 Nazareth, 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 Nazareth, Texas can provide the benefit of quick financing for homeowners looking to purchase a new property before selling their current one. This can help avoid the stress of juggling two mortgages and allows for a seamless transition between homes. Nazareth, Texas, with a population of approximately X, is known for its tight-knit community and rich cultural heritage. The demographic makeup includes a mix of families, retirees, and young professionals, creating a vibrant and diverse neighborhood. The housing market in Nazareth, Texas, is currently experiencing steady growth, making it an attractive location for both buyers and sellers. The median home price is $X, with a variety of housing options available to suit different preferences and budgets. Some of the main attractions in Nazareth include the historic downtown area, where local shops and restaurants thrive, as well as the beautiful parks and outdoor recreational spaces that provide opportunities for residents to enjoy the natural beauty of the area.
Benefits of Bridge Loans in Nazareth, Texas