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Navigating the process of buying a new home in Stratford, 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 Stratford, TX or getting it ready for the market.
Identify the new home you want to buy in Stratford, 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 Stratford, 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 Stratford, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Stratford, 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 Stratford, 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 Stratford, 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 Stratford, 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 Stratford, 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!
Benefits of Bridge Loans: Bridge loans offer flexibility to homeowners enabling them to purchase a new home before selling their current one. This can be especially advantageous in a competitive real estate market like in Stratford, Texas. It provides a short-term financial solution without the pressure of immediately selling the existing property, thus avoiding missed opportunities. Demographics: Stratford, Texas, has a diverse population with a mix of families, professionals, and retirees. The town has a strong sense of community, with residents who take pride in their local heritage and culture. The majority of residents own their homes, creating a stable and welcoming neighborhood environment. Housing Market: The housing market in Stratford is thriving, with a range of options from cozy single-family homes to spacious ranch-style properties. The real estate market is competitive, with properties often selling quickly. Bridge loans can help buyers secure their dream home without missing out on opportunities due to financial constraints. Main Attractions: Stratford boasts scenic parks, historical landmarks, and outdoor recreational activities. The Palo Duro Canyon State Park, just a short drive away, offers stunning views and hiking trails. The community also enjoys local events, farmers' markets, and a vibrant arts scene, making it an ideal place to live and explore.
Bridge Loans in Stratford, Texas
