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Navigating the process of buying a new home in New Deal, 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 Deal, TX or getting it ready for the market.
Identify the new home you want to buy in New Deal, 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 Deal, 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 Deal, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in New Deal, 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 Deal, 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 Deal, 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 Deal, 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 Deal, 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 offer quick financing solutions for individuals looking to purchase a new property before selling their existing one, providing financial flexibility and helping avoid missed opportunities in the competitive real estate market of New Deal, Texas. Demographics: New Deal, Texas, is a vibrant community with a mix of young families and retirees. The population is around 800 residents, with a strong sense of community and local pride. The town has a diverse economy with a focus on agriculture and small businesses. Housing Market: The housing market in New Deal, Texas, is characterized by steady appreciation rates and a high demand for properties. Bridge loans can help buyers secure their dream homes in this competitive market while providing them with the necessary funds to make quick offers and close deals efficiently. Main Attractions: New Deal, Texas, boasts scenic parks, charming downtown areas, and a rich history that attracts visitors and residents alike. The town's historical sites, local eateries, and outdoor recreational activities make it a desirable place to live and explore.
Bridge Loans in New Deal, Texas
