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Navigating the process of buying a new home in Stinnett, 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 Stinnett, TX or getting it ready for the market.
Identify the new home you want to buy in Stinnett, 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 Stinnett, 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 Stinnett, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Stinnett, 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 Stinnett, 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 Stinnett, 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 Stinnett, 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 Stinnett, 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 short-term financing option for homebuyers in Stinnett, Texas. These loans provide the flexibility to purchase a new home before selling an existing one, avoiding the need to wait for the sale proceeds. Demographically, Stinnett has a population of approximately 2,000 residents. The town offers a close-knit community feel with a low cost of living, making it an ideal place for families and retirees looking for a peaceful lifestyle. In terms of the housing market, Stinnett boasts affordable housing options with a range of single-family homes and spacious lots. The market is stable, presenting opportunities for both buyers and sellers, creating a favorable environment for bridge loans. Stinnett, Texas, is known for its scenic beauty and outdoor recreational activities. Visitors and residents can enjoy attractions like Lake Meredith National Recreation Area, offering fishing, boating, and hiking opportunities, making it a popular destination for nature enthusiasts.
Benefits of Bridge Loans in Stinnett, Texas
