Get Approved at The Lowest Rate
Navigating the process of buying a new home in Simms, 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 Simms, TX or getting it ready for the market.
Identify the new home you want to buy in Simms, 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 Simms, 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 Simms, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Simms, 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 Simms, 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 Simms, 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 Simms, 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 Simms, 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 Simms, Texas offer a convenient financing option for homebuyers who need to bridge the gap between the purchase of a new home and the sale of their existing property. This flexibility allows individuals to secure a new home without being contingent on the sale of their current one. Simms, Texas, with a population of approximately 500 residents, provides a tight-knit community feel with a sense of tranquility. The majority of the population in Simms consists of families and individuals who enjoy the peaceful surroundings and close community bonds. The housing market in Simms, Texas, is characterized by a mix of traditional single-family homes and spacious properties with large lots. The market is relatively stable, with a moderate inventory of homes available for sale and competitive pricing compared to larger urban areas. Some of the main attractions in Simms include the nearby Atlanta State Park, known for its scenic trails, fishing spots, and camping facilities. Additionally, residents can enjoy exploring the local shops and restaurants in downtown Simms, which offer a blend of small-town charm and modern amenities.
Benefits of Bridge Loans in Simms, Texas
