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Navigating the process of buying a new home in Shepherd, 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 Shepherd, TX or getting it ready for the market.
Identify the new home you want to buy in Shepherd, 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 Shepherd, 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 Shepherd, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Shepherd, 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 Shepherd, 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 Shepherd, 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 Shepherd, 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 Shepherd, 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 Shepherd, Texas provide homeowners with the flexibility to transition smoothly from one home to another without the pressure of selling their current property quickly. This allows them to secure their dream home before selling their existing one, avoiding the need to rush the sales process or compromise on the new property. Demographics: Shepherd, Texas has a diverse population with a mix of families, young professionals, and retirees. The community is known for its friendly atmosphere and strong sense of unity. The median household income is around the national average, making it an affordable place to live. Housing Market: The housing market in Shepherd, Texas offers a variety of options ranging from cozy single-family homes to spacious estates. With the help of bridge loans, buyers can easily navigate the market and secure their desired property. The real estate market in Shepherd is stable and offers good investment opportunities. Main Attractions: Shepherd, Texas boasts a range of attractions, including local parks, historical sites, and outdoor recreational areas. Residents can enjoy activities such as hiking, fishing, and exploring the nearby national forests. The community also hosts events that bring people together and showcase the local culture.
Benefits of Bridge Loans in Shepherd, Texas
