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Navigating the process of buying a new home in Smithville, 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 Smithville, TX or getting it ready for the market.
Identify the new home you want to buy in Smithville, 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 Smithville, 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 Smithville, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Smithville, 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 Smithville, 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 Smithville, 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 Smithville, 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 Smithville, 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!
Benefits of Bridge Loans: Bridge loans offer a convenient financing option for homeowners looking to purchase a new home before selling their existing one. These loans provide flexibility in the transition period between homes, allowing for smoother transactions without the need for immediate sale. Bridge loans can be a valuable tool to avoid potential delays or missed opportunities in the real estate market. Demographics: Smithville, Texas, is a charming town with a population of approximately 4,500 residents. The community is known for its friendly atmosphere, strong sense of community, and rich cultural heritage. The town has a diverse population with a mix of young families, retirees, and professionals. Housing Market: The housing market in Smithville offers a range of options, from historic homes to newly built properties. Home prices in Smithville are competitive, making it an attractive location for first-time buyers and investors. The market is stable with a steady increase in property values, offering potential for long-term growth. Main Attractions: Smithville boasts scenic parks, hiking trails, and outdoor recreational activities for nature enthusiasts. The town is home to charming boutiques, local eateries, and cultural events that celebrate its heritage. Residents and visitors alike enjoy the town's historic downtown area and vibrant arts scene.
Benefits of Bridge Loans in Smithville, Texas
