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Navigating the process of buying a new home in Nixon, 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 Nixon, TX or getting it ready for the market.
Identify the new home you want to buy in Nixon, 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 Nixon, 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 Nixon, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Nixon, 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 Nixon, 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 Nixon, 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 Nixon, 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 Nixon, 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 in Nixon, Texas offer homeowners flexibility in purchasing a new home before selling their current one. This can prevent the need for temporary housing and allow for a smoother transition. Demographics: Nixon, Texas has a population of approximately 2,400 residents. The town is known for its close-knit community and diverse cultural heritage, with a mix of Hispanic and Anglo influences. Housing Market: The housing market in Nixon is characterized by affordable housing options compared to nearby urban areas. The median home price in Nixon is around $120,000, making it an attractive option for first-time homebuyers. Main Attractions: Nixon boasts a rich history, with attractions such as the Nixon Historical Museum and the Nolte-Garza House offering insights into the town's past. Additionally, outdoor enthusiasts can enjoy hiking and fishing at nearby scenic spots like the Palmetto State Park.
Bridge Loans in Nixon, Texas - Overview