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Navigating the process of buying a new home in Nocona, 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 Nocona, TX or getting it ready for the market.
Identify the new home you want to buy in Nocona, 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 Nocona, 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 Nocona, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Nocona, 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 Nocona, 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 Nocona, 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 Nocona, 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 Nocona, 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 Nocona, Texas offer a flexible financing option for homeowners looking to purchase a new property before selling their current one. This type of loan provides immediate funds to cover the down payment and closing costs, allowing individuals to move quickly without waiting for their existing home to sell. Demographics in Nocona, Texas depict a vibrant community with a population that values heritage and history. The town boasts a mix of young professionals and families, creating a diverse and welcoming environment for residents. The median household income is above the national average, indicating a strong economic foundation. The housing market in Nocona, Texas is characterized by a blend of traditional single-family homes and modern developments. With a steady demand for housing, the market has remained stable, making it an attractive option for buyers and investors alike. Bridge loans can help individuals capitalize on these opportunities by providing quick access to funds. Nocona, Texas, is renowned for its rich western heritage and cowboy culture. Visitors can explore the Tales 'N' Trails Museum, showcasing the town's history, or enjoy outdoor activities at Lake Nocona. The charming downtown area offers unique shops and restaurants, making it a popular destination for locals and tourists.
Benefits of Bridge Loans in Nocona, Texas
