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Navigating the process of buying a new home in Saratoga, 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 Saratoga, TX or getting it ready for the market.
Identify the new home you want to buy in Saratoga, 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 Saratoga, 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 Saratoga, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Saratoga, 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 Saratoga, 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 Saratoga, 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 Saratoga, 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 Saratoga, 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 Saratoga, Texas offer a flexible financing solution for homebuyers who need quick access to funds before selling their current property. These loans provide the ability to bridge the financial gap between buying a new home and selling the existing one, thereby preventing the need for a contingency offer. Demographically, Saratoga, Texas is a quaint town with a population of around 1,500 residents. The community is close-knit, and the town is known for its friendly atmosphere and strong sense of community spirit. With a mix of families and retirees, Saratoga offers a peaceful and welcoming environment for residents. In terms of the housing market, Saratoga, Texas has seen steady growth in property values in recent years. The real estate market offers a range of housing options, from charming historic homes to modern developments. Bridge loans can help buyers take advantage of these opportunities by providing the necessary funds to secure a property quickly. Some main attractions in Saratoga include the stunning Saratoga National Historical Park, known for its picturesque landscapes and historical significance. Additionally, residents and visitors alike can enjoy outdoor activities at the nearby Saratoga Lake and explore the vibrant downtown area with its shops and restaurants.
Benefits of Bridge Loans in Saratoga, Texas