Get Approved at The Lowest Rate
Navigating the process of buying a new home in Sam Norwood, 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 Sam Norwood, TX or getting it ready for the market.
Identify the new home you want to buy in Sam Norwood, 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 Sam Norwood, 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 Sam Norwood, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sam Norwood, 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 Sam Norwood, 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 Sam Norwood, 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 Sam Norwood, 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 Sam Norwood, 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 Sam Norwood, Texas offer a convenient financing solution for homeowners looking to purchase a new home before selling their existing one. These short-term loans provide the flexibility to make a down payment on a new property while waiting for the sale of the old one to close, avoiding the need for contingent offers. Demographics: Sam Norwood, Texas, is a small rural town with a population of approximately 100 residents. The community boasts a close-knit feel, with friendly neighbors and a strong sense of community spirit. The town is predominantly made up of families and retirees, offering a peaceful and relaxed living environment. Housing Market: The housing market in Sam Norwood offers affordable options for homebuyers, with a median home price well below the national average. Bridge loans can help buyers take advantage of these favorable market conditions by allowing them to secure a new property quickly and efficiently. Main Attractions: While small, Sam Norwood has its own unique charm, with attractions such as scenic hiking trails, locally-owned shops and restaurants, and community events that bring residents together. The town's proximity to natural landscapes and outdoor recreational areas makes it an ideal choice for nature enthusiasts and those seeking a peaceful retreat.
Benefits of Bridge Loans in Sam Norwood, Texas
