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Navigating the process of buying a new home in Point, 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 Point, TX or getting it ready for the market.
Identify the new home you want to buy in Point, 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 Point, 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 Point, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Point, 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 Point, 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 Point, 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 Point, 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 Point, 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 Point, Texas offer a unique solution for homeowners who are looking to purchase a new home before selling their current one. These loans provide quick access to funds, allowing individuals to close on a new property without having to wait for their existing home to sell. This can be especially beneficial in competitive real estate markets where timing is crucial. Demographics: Point, Texas, is a small town with a population of around 800 residents. The community is close-knit, with a mix of families, retirees, and young professionals. The town is known for its friendly atmosphere and strong community spirit. Housing Market: The housing market in Point, Texas, is characterized by affordable prices and a range of options including single-family homes, townhouses, and rural properties. With the help of bridge loans, residents have more flexibility when buying and selling homes, leading to increased activity in the local real estate market. Main Attractions: Point, Texas, is surrounded by natural beauty, with attractions such as Lake Tawakoni State Park offering outdoor activities like fishing, hiking, and camping. The town also has local shops, restaurants, and community events that showcase its unique charm and appeal to residents and visitors alike.
Benefits of Bridge Loans in Point, Texas
