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Navigating the process of buying a new home in Silver, 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 Silver, TX or getting it ready for the market.
Identify the new home you want to buy in Silver, 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 Silver, 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 Silver, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Silver, 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 Silver, 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 Silver, 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 Silver, 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 Silver, 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 Silver, Texas offer a convenient financing solution for individuals looking to purchase a new home before selling their current property. This type of loan provides temporary funds to bridge the gap between the sale of the existing home and the purchase of a new one, enabling smooth transitions without the need to wait for the sale. Silver, Texas, a small yet vibrant town, boasts a diverse demographic mix. With a growing population of young families attracted by the affordable housing options, the town offers a tight-knit community feel. The area's median household income is above the national average, providing a stable economic environment for residents. The housing market in Silver, Texas, is on the rise, presenting a favorable investment opportunity for potential buyers. The market offers a variety of housing options, from cozy single-family homes to modern apartments, catering to different needs and preferences. With competitive interest rates and favorable lending conditions, now is a great time to explore the real estate opportunities in Silver. Aside from its housing market, Silver, Texas, is home to several main attractions that provide recreational opportunities for residents and visitors alike. The town features beautiful parks, cultural landmarks, and a range of dining and shopping options, creating a lively and welcoming atmosphere for all. Whether you enjoy nature or prefer a day of shopping, Silver has something for everyone.
Benefits of Bridge Loans in Silver, Texas
