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Navigating the process of buying a new home in Spade, 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 Spade, TX or getting it ready for the market.
Identify the new home you want to buy in Spade, 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 Spade, 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 Spade, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Spade, 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 Spade, 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 Spade, 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 Spade, 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 Spade, 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 Spade, Texas offer a crucial financial tool for homeowners looking to purchase a new home before selling their existing one. These loans provide short-term financing to bridge the gap between the sale of the old property and the purchase of a new one, helping individuals avoid the stress of timing constraints. Demographics Spade, Texas, is a small but vibrant community with a population of around 100 residents. The town boasts a tight-knit community feel, making it an ideal place for families and individuals looking for a peaceful atmosphere away from the hustle and bustle of city life. The housing market in Spade, Texas, is characterized by a mix of historic homes and modern construction. The median home price is affordable, making it an attractive option for first-time homebuyers and those looking to invest in real estate. Bridge loans can provide the necessary financial flexibility to navigate this market. Despite its small size, Spade offers a range of attractions for residents and visitors alike. From quaint local shops and restaurants to nearby parks and recreational areas, the town provides a charming backdrop for a relaxed lifestyle.
The Benefits of Bridge Loans in Spade, Texas
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