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Navigating the process of buying a new home in Scotland, 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 Scotland, TX or getting it ready for the market.
Identify the new home you want to buy in Scotland, 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 Scotland, 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 Scotland, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Scotland, 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 Scotland, 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 Scotland, 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 Scotland, 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 Scotland, 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 Scotland, Texas offer a convenient financing solution for homeowners looking to purchase a new property before selling their current one. These short-term loans provide quick access to funds, enabling smooth transitions without the need for contingent offers. Demographically, Scotland, Texas is a small, tight-knit community with a population of approximately 350 residents. Known for its friendly atmosphere and strong sense of community, Scotland is an ideal place for families and individuals looking for a serene and peaceful environment. The housing market in Scotland, Texas is stable, with a mix of historic and modern homes catering to various preferences. The median home price is affordable, making it an attractive option for first-time buyers and those looking to invest in real estate. Some main attractions in Scotland, Texas include the picturesque Scotland Park, perfect for outdoor activities and family picnics. Additionally, the historic Scotland Church and the annual Scotland Tartan Festival showcase the rich cultural heritage of the town, offering residents and visitors a glimpse into its vibrant past.
Benefits of Bridge Loans in Scotland, Texas
