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Navigating the process of buying a new home in Sheffield, 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 Sheffield, TX or getting it ready for the market.
Identify the new home you want to buy in Sheffield, 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 Sheffield, 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 Sheffield, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sheffield, 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 Sheffield, 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 Sheffield, 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 Sheffield, 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 Sheffield, 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 Sheffield, Texas offer numerous benefits for homebuyers and investors. These short-term loans provide immediate financing to bridge the gap between the purchase of a new property and the sale of an existing one, allowing for a smoother transition without the need for a contingency offer. Demographically, Sheffield, Texas is a small yet vibrant community with a population of approximately X residents. The town boasts a diverse mix of residents, including families, young professionals, and retirees, creating a welcoming and inclusive environment. The housing market in Sheffield is characterized by affordable housing options, making it an attractive destination for first-time homebuyers and those looking to invest in real estate. With a steady increase in property values over the past few years, Sheffield offers great potential for long-term appreciation and return on investment. Some main attractions in Sheffield include the beautiful Sheffield State Park, renowned for its scenic hiking trails, camping facilities, and opportunities for outdoor recreation. Additionally, the town's rich history and charming downtown area, with its unique shops and local eateries, make it a desirable place to live and visit.
Benefits of Bridge Loans in Sheffield, Texas
