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Navigating the process of buying a new home in Shallowater, 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 Shallowater, TX or getting it ready for the market.
Identify the new home you want to buy in Shallowater, 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 Shallowater, 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 Shallowater, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Shallowater, 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 Shallowater, 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 Shallowater, 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 Shallowater, 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 Shallowater, 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!
Benefits of Bridge Loans: Bridge loans offer short-term financing for individuals looking to buy a new home before selling their current one. They provide flexibility and quick access to funds, helping buyers secure a new property without the need to wait for their old home to sell. Demographics: Shallowater, Texas, is a small town with a population of around 2,500 residents. The community is close-knit, offering a friendly atmosphere for families and individuals alike. The town has a mix of young professionals, families, and retirees. Housing Market: The housing market in Shallowater is thriving, with a variety of properties available for sale. The median home price is affordable compared to larger cities in Texas, making it an attractive option for first-time buyers and families looking to upgrade. Main Attractions: Shallowater is known for its small-town charm and outdoor recreational opportunities. The town has parks, hiking trails, and local shops that cater to residents' needs. Additionally, it hosts community events and festivals that bring people together.
Bridge Loans in Shallowater, Texas
