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Navigating the process of buying a new home in Scroggins, 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 Scroggins, TX or getting it ready for the market.
Identify the new home you want to buy in Scroggins, 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 Scroggins, 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 Scroggins, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Scroggins, 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 Scroggins, 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 Scroggins, 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 Scroggins, 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 Scroggins, 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 Scroggins, Texas offer a crucial financial lifeline to homeowners looking to purchase a new home before selling their current one. This type of loan provides short-term financing that bridges the gap between the sale of the old property and the purchase of a new one, offering flexibility and convenience to borrowers. Demographics: Scroggins, Texas, is a small community located in the eastern part of the state. With a population of approximately 2,000 residents, the town offers a tight-knit community feel with a mix of both young families and retirees. Housing Market: The housing market in Scroggins is stable, with steady appreciation in property values over the years. The availability of bridge loans has attracted more buyers to the area, leading to increased demand and a thriving real estate market. Main Attractions: Scroggins boasts beautiful natural landscapes and outdoor recreational opportunities. From the stunning Lake Bob Sandlin State Park to the scenic Cypress Springs Lake, residents and visitors can enjoy fishing, boating, hiking, and other outdoor activities in this picturesque Texas town.
Benefits of Bridge Loans in Scroggins, Texas
