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Navigating the process of buying a new home in Putnam, 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 Putnam, TX or getting it ready for the market.
Identify the new home you want to buy in Putnam, 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 Putnam, 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 Putnam, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Putnam, 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 Putnam, 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 Putnam, 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 Putnam, 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 Putnam, 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 Putnam, Texas offer a convenient financing option for those looking to purchase a new home before selling their current one. This type of loan provides flexibility in timing, allowing homeowners to avoid the stress of coordinating two separate transactions. The demographics of Putnam, Texas, show a close-knit community with a population that values rural living. The town has a diverse mix of residents, including families, retirees, and young professionals, creating a welcoming environment for all. Putnam's housing market is characterized by a range of property types, from historic homes to modern developments. The market is stable, with a steady increase in property values over the years, making it an attractive investment opportunity for both homeowners and investors. Main attractions in Putnam include the scenic Putnam State Park, perfect for outdoor enthusiasts, and the historic downtown area with charming shops and local restaurants. The town's rich history and community events make it a desirable place to live and visit.
The Benefits of Bridge Loans in Putnam, Texas
