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Navigating the process of buying a new home in Stamford, 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 Stamford, TX or getting it ready for the market.
Identify the new home you want to buy in Stamford, 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 Stamford, 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 Stamford, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Stamford, 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 Stamford, 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 Stamford, 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 Stamford, 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 Stamford, 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 convenient financing option for homebuyers who need to purchase a new home before selling their current one. In Stamford, Texas, these loans provide flexibility by bridging the gap between the purchase of a new home and the sale of the existing one. Demographics: Stamford, Texas, is a charming small town with a population of approximately 3,000 residents. It has a close-knit community feel, making it an ideal place for families and retirees looking for a peaceful setting. Housing Market: Stamford's housing market offers a mix of historic homes and modern properties. 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 help buyers secure their dream home without waiting for their current property to sell. Main Attractions: Stamford boasts scenic parks, cultural venues, and outdoor recreational activities. The town's historic downtown area is filled with shops, restaurants, and entertainment options for residents to enjoy. With easy access to amenities and a laid-back lifestyle, Stamford is a hidden gem in Texas.
Benefits of Bridge Loans in Stamford, Texas
