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Navigating the process of buying a new home in Normanna, 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 Normanna, TX or getting it ready for the market.
Identify the new home you want to buy in Normanna, 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 Normanna, 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 Normanna, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Normanna, 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 Normanna, 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 Normanna, 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 Normanna, 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 Normanna, 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 Normanna, Texas offer timely financial assistance that bridges the gap between the purchase of a new property and the sale of an existing one. They provide flexibility, quick access to funds, and help avoid missed opportunities in the competitive real estate market. Demographics: Normanna, Texas, is a small community with a population of approximately 100 residents. The area boasts a diverse population with a strong sense of community, making it an ideal place for families and retirees looking for a peaceful setting to call home. Housing Market: Normanna's housing market is characterized by a mix of traditional single-family homes and picturesque rural properties. The real estate market is stable, with moderate property values and a high demand for housing, making it a favorable location for investment and relocation. Main Attractions: Normanna offers a blend of natural beauty and recreational opportunities, with attractions such as scenic parks, hiking trails, and local festivals that celebrate the region's rich cultural heritage. Residents can enjoy a relaxed lifestyle while being in close proximity to urban amenities in nearby cities.
Bridge Loans in Normanna, Texas
