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Navigating the process of buying a new home in Novice, 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 Novice, TX or getting it ready for the market.
Identify the new home you want to buy in Novice, 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 Novice, 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 Novice, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Novice, 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 Novice, 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 Novice, 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 Novice, 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 Novice, 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 a valuable solution for buyers in Novice, Texas, allowing them to secure a new property before selling their current home. This flexibility helps prevent missed opportunities in the competitive housing market. Novice, Texas, boasts a diverse population with a mix of young families and retirees. The community is known for its strong sense of unity and local pride, making it an ideal place for those seeking a close-knit neighborhood. The housing market in Novice is currently experiencing steady growth, with a range of housing options available to buyers. Bridge loans can help expedite the buying process and provide the funds needed to secure a property in this competitive market. Some main attractions in Novice include the picturesque parks, historic downtown area, and vibrant local food scene. Residents can enjoy a variety of outdoor activities and cultural events, making Novice a desirable place to call home.
Benefits of Bridge Loans in Novice, Texas
