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Navigating the process of buying a new home in Reagan, 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 Reagan, TX or getting it ready for the market.
Identify the new home you want to buy in Reagan, 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 Reagan, 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 Reagan, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Reagan, 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 Reagan, 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 Reagan, 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 Reagan, 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 Reagan, 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 convenient short-term financing solution for homebuyers in Reagan, Texas. These loans provide the flexibility to purchase a new home before selling the current one, avoiding the need for a contingent offer. Demographics: Reagan, Texas, is a small rural community with a population of approximately 300 residents. The town enjoys a close-knit community feel and is known for its friendly atmosphere and strong sense of community. Housing Market: The housing market in Reagan, Texas, is characterized by affordable single-family homes and spacious properties. With a relatively stable market, homebuyers can find a range of housing options to suit their needs and budgets. Main Attractions: While Reagan is a quiet town, it offers easy access to outdoor recreational activities such as fishing, hiking, and camping. Additionally, the town is located near historical sites and museums that offer a glimpse into the area's rich history.
Benefits of Bridge Loans in Reagan, Texas
