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Navigating the process of buying a new home in Newton, 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 Newton, TX or getting it ready for the market.
Identify the new home you want to buy in Newton, 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 Newton, 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 Newton, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Newton, 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 Newton, 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 Newton, 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 Newton, 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 Newton, 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 Newton, Texas offer a key advantage to homeowners by providing short-term financing to bridge the gap between the purchase of a new home and the sale of the current one. This enables individuals to secure their dream home without being burdened by the stress of selling their existing property first. Demographics: Newton, Texas, has a population of approximately X, with a median age of Y. The community is known for its friendly residents, strong sense of community, and diverse cultural heritage. Housing Market: The housing market in Newton, Texas, is competitive yet affordable, with a median home price of Z. Bridge loans provide an ideal solution for buyers looking to capitalize on the market's opportunities and secure a property efficiently. Main Attractions: Newton, Texas, boasts a variety of attractions, including the picturesque XYZ Park, the historic ABC Museum, and the vibrant downtown area filled with local shops and restaurants, making it an ideal place to call home.
Benefits of Bridge Loans in Newton, Texas
