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Navigating the process of buying a new home in Sherman, 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 Sherman, TX or getting it ready for the market.
Identify the new home you want to buy in Sherman, 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 Sherman, 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 Sherman, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sherman, 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 Sherman, 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 Sherman, 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 Sherman, 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 Sherman, 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 Sherman, Texas provide a valuable financial solution for individuals looking to purchase a new home before selling their existing property. These short-term loans offer immediate funds to cover the down payment and closing costs of a new home, bridging the gap between buying and selling. Demographics: Sherman, Texas, boasts a diverse population with a mix of professionals, families, and retirees. The city's median household income is above the state average, making it an attractive location for those seeking employment opportunities and a high quality of life. Housing Market: The housing market in Sherman, Texas, is vibrant and competitive. The city offers a range of housing options, from historic homes in established neighborhoods to modern developments with amenities. With a steady demand for housing and a growing population, Sherman presents a promising investment opportunity for real estate buyers. Main Attractions: Sherman, Texas, is home to a variety of attractions, including the Eisenhower Birthplace State Historic Site, the Harber Wildlife Museum, and the beautiful Hawn Park. Residents and visitors can also enjoy outdoor activities at the Hagerman National Wildlife Refuge and explore the local dining and shopping scene in downtown Sherman.
Benefits of Bridge Loans in Sherman, Texas
