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Navigating the process of buying a new home in Skidmore, 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 Skidmore, TX or getting it ready for the market.
Identify the new home you want to buy in Skidmore, 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 Skidmore, 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 Skidmore, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Skidmore, 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 Skidmore, 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 Skidmore, 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 Skidmore, 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 Skidmore, 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 Skidmore, Texas provide immediate funds to bridge the gap between the purchase of a new property and the sale of an existing one. This financial tool offers flexibility and convenience to homeowners, allowing them to secure their dream home without the stress of contingency clauses. Skidmore, Texas, a charming small town with a population of approximately 1,000, boasts a tight-knit community feel. The town is known for its rich history, friendly locals, and strong sense of community spirit, making it an ideal place to settle down and raise a family. In Skidmore's housing market, bridge loans can be a game-changer for buyers looking to capitalize on the town's affordable real estate prices. With a median home value well below the national average, Skidmore offers a unique opportunity for individuals to invest in property and secure a lucrative return on investment. While in Skidmore, visitors can explore attractions such as the iconic Skidmore Historical Marker, which commemorates the town's proud heritage, or enjoy a leisurely stroll through the picturesque downtown area. Additionally, nature enthusiasts can take advantage of the nearby parks and outdoor recreational opportunities that Skidmore has to offer.
Benefits of Bridge Loans in Skidmore, Texas
