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Navigating the process of buying a new home in Sour Lake, 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 Sour Lake, TX or getting it ready for the market.
Identify the new home you want to buy in Sour Lake, 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 Sour Lake, 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 Sour Lake, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sour Lake, 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 Sour Lake, 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 Sour Lake, 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 Sour Lake, 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 Sour Lake, 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 Sour Lake, Texas offer a convenient and flexible financing option for homeowners. These short-term loans help bridge the gap between the purchase of a new home and the sale of an existing one. One of the key advantages is the quick access to funds, allowing individuals to secure their new property without waiting for their old home to sell. Sour Lake, Texas, with a population of approximately 2,000 residents, offers a unique blend of small-town charm and modern amenities. The town boasts a diverse community with a median age of 38 years, making it an ideal place for families and individuals seeking a close-knit community. The housing market in Sour Lake, Texas, is characterized by a mix of historic homes and new developments. The median home price in Sour Lake is around $200,000, making it an affordable option for homebuyers. With a stable market and a variety of housing options, Sour Lake presents a promising investment opportunity for those considering bridge loans. Some of the main attractions in Sour Lake include the scenic Sour Lake Park, known for its picturesque trails and picnic areas. Additionally, the nearby Big Thicket National Preserve offers outdoor enthusiasts ample opportunities for hiking, camping, and wildlife observation. With its natural beauty and rich history, Sour Lake provides a peaceful retreat for residents and visitors alike.
The Benefits of Bridge Loans in Sour Lake, Texas
