Get Approved at The Lowest Rate
Navigating the process of buying a new home in Spur, 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 Spur, TX or getting it ready for the market.
Identify the new home you want to buy in Spur, 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 Spur, 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 Spur, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Spur, 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 Spur, 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 Spur, 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 Spur, 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 Spur, 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 Spur, Texas offer a valuable financing solution for homeowners looking to purchase a new home before selling their current one. These short-term loans provide the flexibility and liquidity needed to secure the new property without the pressure of a contingent offer, making the buying process smoother and more efficient. Demographically, Spur, Texas, is a small yet vibrant community with a population of around 1,300 residents. The town boasts a strong sense of community spirit and a welcoming atmosphere, making it an ideal place for families and individuals looking for a close-knit and supportive environment. In terms of the housing market, Spur, Texas, offers a range of affordable housing options, from charming single-family homes to spacious ranch-style properties. The market is competitive yet stable, with steady appreciation rates and a healthy inventory of homes for sale, making it an attractive destination for both buyers and sellers. Some of the main attractions in Spur include the historic Dickens County Courthouse, the scenic White River Lake for outdoor recreation, and the unique Spur Jailhouse Art Museum showcasing local artistic talent. The town also hosts various community events and festivals throughout the year, providing residents with plenty of opportunities to celebrate and connect with their neighbors.
Bridge Loans in Spur, Texas
