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Navigating the process of buying a new home in Overton, 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 Overton, TX or getting it ready for the market.
Identify the new home you want to buy in Overton, 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 Overton, 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 Overton, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Overton, 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 Overton, 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 Overton, 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 Overton, 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 Overton, 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 Overton, Texas provide a convenient financing option for homeowners who are looking to purchase a new property before selling their existing one. This allows them to access the equity in their current home quickly, facilitating a smooth transition without the need to wait for a traditional sale. Demographics: Overton, Texas, is a charming town with a population of around 2500 residents. The community is tight-knit, with a mix of families and retirees, creating a warm and welcoming atmosphere. The town boasts a diverse population, with a blend of different cultural backgrounds. Housing Market: Overton's housing market is stable, with a range of housing options available, from quaint single-family homes to larger estates. The median home price is affordable, making it an attractive location for first-time buyers and those looking to upgrade. Bridge loans can help buyers secure their dream home in this competitive market. Main Attractions: Overton offers a variety of attractions, including the Heritage Syrup Festival, a celebration of the town's history and traditions. Nature lovers can explore the nearby Lake Striker for fishing and boating activities, while the Overton City Park provides a serene setting for picnics and outdoor fun.
Benefits of Bridge Loans in Overton, Texas
