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Navigating the process of buying a new home in Newcastle, 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 Newcastle, TX or getting it ready for the market.
Identify the new home you want to buy in Newcastle, 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 Newcastle, 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 Newcastle, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Newcastle, 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 Newcastle, 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 Newcastle, 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 Newcastle, 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 Newcastle, 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 Newcastle, Texas offer numerous benefits to individuals looking to purchase a new home before selling their current one. These short-term loans provide quick access to funds, allowing buyers to bridge the gap between buying and selling, preventing them from missing out on their dream home. Demographics: Newcastle, Texas, is a small town with a population of around 575 residents. The community is tight-knit, and the town's friendly atmosphere makes it an ideal place to raise a family or enjoy a peaceful retirement. Housing Market: The housing market in Newcastle, Texas, is currently experiencing steady growth. With a median home price below the national average, the town offers affordable housing options for first-time buyers and those looking to downsize. Main Attractions: Newcastle, Texas, boasts beautiful natural attractions such as Lake Graham and Possum Kingdom State Park. Outdoor enthusiasts can enjoy fishing, boating, and hiking in these scenic locations, making Newcastle a great place for nature lovers.
Benefits of Bridge Loans in Newcastle, Texas
