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Navigating the process of buying a new home in Snyder, 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 Snyder, TX or getting it ready for the market.
Identify the new home you want to buy in Snyder, 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 Snyder, 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 Snyder, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Snyder, 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 Snyder, 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 Snyder, 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 Snyder, 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 Snyder, 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 valuable financing option for homebuyers in Snyder, Texas. These short-term loans provide immediate funds to bridge the gap between the purchase of a new home and the sale of the current one. This ensures a smoother transition without the need for contingent offers or delays. Demographics Snyder, Texas, located in Scurry County, has a population of approximately 11,000 residents. The community is diverse, with a mix of young families, professionals, and retirees. The local economy is supported by industries such as agriculture, oil, and healthcare. Housing Market The housing market in Snyder, Texas, offers a range of residential properties to suit various preferences and budgets. The median home price is around $120,000, making it an affordable option for first-time buyers. With a stable market, investing in real estate in Snyder is a promising opportunity. Main Attractions Snyder boasts several attractions, including the Scurry County Museum, which showcases the area's rich history. Outdoor enthusiasts can explore the nearby CR 4100 Reservoir for fishing and boating activities. The community also hosts events like the White Buffalo Days festival, offering entertainment for residents and visitors alike.
Benefits of Bridge Loans in Snyder, Texas
