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Navigating the process of buying a new home in New Boston, 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 New Boston, TX or getting it ready for the market.
Identify the new home you want to buy in New Boston, 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 New Boston, 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 New Boston, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in New Boston, 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 New Boston, 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 New Boston, 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 New Boston, 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 New Boston, 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 provide immediate funds to bridge the gap between buying a new property and selling an existing one. In New Boston, Texas, these loans offer flexibility in timing property transactions, preventing missed opportunities due to delays. Demographics in New Boston reveal a close-knit community with a population size of approximately 4,500 residents. The town boasts a diverse blend of cultures, creating a welcoming environment for newcomers seeking a vibrant and inclusive community. The housing market in New Boston is characterized by affordable property prices compared to larger cities. Bridge loans enable buyers to invest in this growing market, where the median home value is below the state average, making it an attractive option for both first-time buyers and investors. Main attractions in New Boston include the scenic Atlanta State Park, offering outdoor recreational activities like hiking and fishing. Additionally, the town's historic downtown district preserves its rich heritage, with charming shops and local eateries that cater to residents and tourists alike.
Benefits of Bridge Loans in New Boston, Texas
