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Navigating the process of buying a new home in Savoy, 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 Savoy, TX or getting it ready for the market.
Identify the new home you want to buy in Savoy, 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 Savoy, 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 Savoy, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Savoy, 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 Savoy, 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 Savoy, 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 Savoy, 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 Savoy, 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 Savoy, Texas offer borrowers the flexibility to purchase a new home before selling their current one. This can be advantageous in a competitive real estate market by providing immediate funds for the down payment. Savoy, Texas, a small town with a population of around 800, offers a close-knit community and a peaceful atmosphere. The demographics are primarily families and retirees, drawn to the area for its safe neighborhoods and quality schools. The housing market in Savoy is stable, with a mix of historic homes and modern constructions. The median home value is affordable, making it an attractive option for first-time buyers and those looking to invest in real estate. Main attractions in Savoy include the picturesque Hagerman National Wildlife Refuge, known for its diverse wildlife and recreational activities. The town also boasts charming local shops and restaurants, providing residents with a unique small-town experience.
Benefits of Bridge Loans in Savoy, Texas
