Get Approved at The Lowest Rate
Navigating the process of buying a new home in Southmayd, 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 Southmayd, TX or getting it ready for the market.
Identify the new home you want to buy in Southmayd, 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 Southmayd, 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 Southmayd, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Southmayd, 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 Southmayd, 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 Southmayd, 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 Southmayd, 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 Southmayd, 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 Southmayd, Texas offer numerous benefits for both homebuyers and sellers. These short-term loans provide quick financing solutions for those looking to purchase a new home before selling their current one. One major advantage is the ability to secure funds swiftly, enabling buyers to act fast in competitive markets. Demographically, Southmayd is a small town located in Grayson County, Texas, with a population of approximately 1,023 residents. The town boasts a close-knit community feel, ideal for those seeking a tranquil living environment. The majority of the population in Southmayd is composed of families and retirees, contributing to its peaceful and family-friendly atmosphere. In terms of the housing market, Southmayd offers a range of affordable housing options, making it an attractive location for first-time homebuyers and investors. The market has seen steady growth in property values over the past few years, making it a promising area for real estate investment. With the help of bridge loans, buyers can capitalize on these opportunities without missing out on their dream home. Some of the main attractions in Southmayd include the beautiful Hagerman National Wildlife Refuge, which offers opportunities for outdoor recreation and wildlife viewing. The town is also conveniently located near Lake Texoma, providing residents with access to water sports, fishing, and boating activities. Additionally, the close proximity to Sherman and Denison offers shopping, dining, and entertainment options.
The Benefits of Bridge Loans in Southmayd, Texas
