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Navigating the process of buying a new home in Stonewall, 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 Stonewall, TX or getting it ready for the market.
Identify the new home you want to buy in Stonewall, 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 Stonewall, 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 Stonewall, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Stonewall, 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 Stonewall, 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 Stonewall, 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 Stonewall, 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 Stonewall, 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 Stonewall, Texas provide a valuable financial solution for those looking to purchase a new home before selling their current one. With a bridge loan, homeowners can access funds to make a down payment on a new property, giving them the flexibility and freedom to move quickly without being tied down by the sale of their existing home. Demographics: Stonewall, Texas, is a small town with a population of approximately 500 residents. The community is close-knit and offers a peaceful and serene living environment that attracts families and retirees looking for a slower pace of life. Housing Market: The housing market in Stonewall is stable, with a range of properties available at varying price points. Bridge loans can help buyers take advantage of favorable market conditions, secure their dream home, and bridge the financing gap between buying and selling. Main Attractions: Stonewall is renowned for its wineries, scenic countryside, and historic sites. Visitors and residents alike can enjoy wine tastings, outdoor activities such as hiking and biking, and explore the rich history of the area, including the Lyndon B. Johnson National Historical Park.
Benefits of Bridge Loans in Stonewall, Texas
