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Navigating the process of buying a new home in Shiro, 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 Shiro, TX or getting it ready for the market.
Identify the new home you want to buy in Shiro, 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 Shiro, 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 Shiro, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Shiro, 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 Shiro, 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 Shiro, 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 Shiro, 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 Shiro, 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 Shiro, Texas offer a unique financial solution for homebuyers. These loans provide flexibility by enabling buyers to purchase a new home before selling their current one. This prevents the need for temporary housing arrangements and allows for a smoother transition between properties. Shiro, Texas, a small census-designated place, boasts a diverse population with a median age of 39 years old. The community is close-knit and offers a mix of rural charm and modern amenities, making it an attractive location for families and retirees alike. The housing market in Shiro is stable, with a variety of property types available, from cozy single-family homes to spacious ranch-style estates. The average home value is competitive, and the market offers opportunities for both buyers and sellers, making it an ideal location for investment and long-term residency. Some main attractions in Shiro include its serene natural surroundings, such as nearby Lake Conroe for outdoor enthusiasts, as well as local eateries serving up traditional Texan cuisine. The town also hosts community events that bring residents together, fostering a strong sense of belonging and camaraderie.
Benefits of Bridge Loans in Shiro, Texas