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Navigating the process of buying a new home in Simonton, 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 Simonton, TX or getting it ready for the market.
Identify the new home you want to buy in Simonton, 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 Simonton, 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 Simonton, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Simonton, 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 Simonton, 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 Simonton, 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 Simonton, 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 Simonton, 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 offer a convenient financing option for homeowners in Simonton, Texas, by providing short-term funding to bridge the gap between the purchase of a new home and the sale of the existing one. This flexibility allows individuals to secure their dream home without the stress of timing constraints. Simonton, Texas, boasts a diverse demographic mix with a strong sense of community. The town has a population of around 1,200 residents, offering a peaceful and close-knit environment for families and individuals alike. The median household income is above the national average, making it an attractive location for homebuyers. The housing market in Simonton, Texas, is stable and growing steadily. With a mix of traditional single-family homes and new development projects, there is a range of options available to buyers. The market is competitive yet affordable, making it an ideal time to invest in the real estate sector. Simonton, Texas, is known for its scenic beauty and outdoor recreational activities. The town is close to the Brazos Bend State Park, offering hiking, biking, and camping opportunities. Additionally, the historic downtown area features charming shops and restaurants, making it a vibrant and welcoming community for residents and visitors alike.
Benefits of Bridge Loans in Simonton, Texas
