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Navigating the process of buying a new home in Sheridan, 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 Sheridan, TX or getting it ready for the market.
Identify the new home you want to buy in Sheridan, 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 Sheridan, 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 Sheridan, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sheridan, 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 Sheridan, 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 Sheridan, 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 Sheridan, 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 Sheridan, 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 Sheridan, Texas offer quick access to funds for homeowners looking to purchase a new home before selling their current one. This allows for a smoother transition without the need to wait for the sale of the existing property. Demographically, Sheridan, Texas is a quaint town with a population of around 500 residents. The community is tight-knit, offering a sense of belonging and security for its inhabitants. The housing market in Sheridan, Texas is currently thriving, with a steady increase in property values over the past few years. Bridge loans provide flexibility to buyers in this competitive market, giving them an edge in securing their dream home. Main attractions in Sheridan include the picturesque countryside, perfect for outdoor enthusiasts and nature lovers. Additionally, the town boasts charming local shops and eateries, adding to its small-town charm.
Benefits of Bridge Loans in Sheridan, Texas
