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Navigating the process of buying a new home in Reklaw, 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 Reklaw, TX or getting it ready for the market.
Identify the new home you want to buy in Reklaw, 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 Reklaw, 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 Reklaw, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Reklaw, 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 Reklaw, 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 Reklaw, 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 Reklaw, 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 Reklaw, 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 crucial financial solution for homeowners in Reklaw, Texas by providing short-term funding to bridge the gap between the purchase of a new home and the sale of the current one. This allows for a smooth transition without the need to rush the sale of the existing property, offering financial flexibility. Demographics Reklaw, Texas, is a charming small town with a population of around 400 residents. The community is known for its friendly atmosphere and tight-knit feel, making it an ideal place for families and individuals looking for a peaceful retreat from the hustle and bustle of city life. Housing Market The housing market in Reklaw is stable with a mix of single-family homes and ranch-style properties. With the help of bridge loans, prospective buyers can take advantage of favorable interest rates and flexible repayment terms to secure their dream home in this serene Texas town. Main Attractions Reklaw offers a range of outdoor activities for nature lovers, including hiking trails, fishing spots, and parks. The town also hosts community events and festivals that bring residents together, fostering a strong sense of unity and belonging.
Benefits of Bridge Loans in Reklaw, Texas
