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Navigating the process of buying a new home in Notrees, 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 Notrees, TX or getting it ready for the market.
Identify the new home you want to buy in Notrees, 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 Notrees, 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 Notrees, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Notrees, 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 Notrees, 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 Notrees, 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 Notrees, 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 Notrees, 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 offer immediate access to funds that can be crucial in the competitive real estate market of Notrees, Texas. They provide flexibility by allowing homeowners to purchase a new property before selling their current one. Notrees, Texas, is a small yet diverse community with a population primarily working in the oil and gas industry. The town boasts a rich cultural, ethnic, and socio-economic mix, creating a unique and vibrant atmosphere for residents. The housing market in Notrees is stable, with a mix of traditional single-family homes and newer developments. Bridge loans can help individuals take advantage of attractive real estate opportunities before they are missed, allowing for potential financial gains in this growing market. Notrees is surrounded by stunning natural landscapes, making it a paradise for outdoor enthusiasts. The Monahans Sandhills State Park and the Odessa Meteor Crater are just a few examples of the breathtaking attractions that draw visitors and residents alike.
Benefits of Bridge Loans in Notrees, Texas