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Navigating the process of buying a new home in Newark, 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 Newark, TX or getting it ready for the market.
Identify the new home you want to buy in Newark, 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 Newark, 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 Newark, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Newark, 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 Newark, 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 Newark, 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 Newark, 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 Newark, 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 Newark, Texas offer flexibility and speed in securing short-term financing for homeowners looking to purchase a new property before selling their current one. These loans provide a seamless transition by covering the down payment and closing costs, avoiding the need for contingencies. Demographics: Newark, Texas, is a small town with a close-knit community. The population is around 1,200, comprising mainly families and retirees. The town has a rural charm and a low crime rate, making it an ideal place for those seeking a peaceful lifestyle. Housing Market: The housing market in Newark, Texas, is competitive yet affordable. The median home price is below the national average, attracting first-time homebuyers and investors. Bridge loans facilitate swift transactions, giving buyers an edge in this dynamic market. Main Attractions: Newark, Texas, boasts scenic parks, local eateries, and historical sites. Residents enjoy outdoor activities like hiking and fishing at Lake Bridgeport. The town's proximity to Dallas-Fort Worth offers easy access to urban amenities while maintaining its small-town charm.
Benefits of Bridge Loans in Newark, Texas
