Get Approved at The Lowest Rate
Navigating the process of buying a new home in Silverton, 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 Silverton, TX or getting it ready for the market.
Identify the new home you want to buy in Silverton, 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 Silverton, 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 Silverton, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Silverton, 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 Silverton, 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 Silverton, 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 Silverton, 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 Silverton, 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 Silverton, Texas offer a convenient solution for homeowners who are looking to purchase a new property before selling their existing one. These loans provide the necessary funds to bridge the gap between the purchase of a new home and the sale of the current one, helping homeowners avoid potential financial challenges. Silverton, Texas, a charming town with a population of approximately 650 residents, offers a tight-knit community and a peaceful environment. The median age in Silverton is 40, making it an ideal location for families and individuals looking for a serene setting to call home. The housing market in Silverton, Texas, is relatively stable, with a median home value of $85,000. With the help of bridge loans, homeowners can take advantage of this affordable market to upgrade to a new home or invest in additional properties. Some of the main attractions in Silverton include the Caprock Canyons State Park, a haven for outdoor enthusiasts with its hiking trails and breathtaking views. The city also boasts the Briscoe-Garner Museum, offering a glimpse into the history and culture of the region.
Benefits of Bridge Loans in Silverton, Texas
