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Navigating the process of buying a new home in Sullivan City, 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 Sullivan City, TX or getting it ready for the market.
Identify the new home you want to buy in Sullivan City, 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 Sullivan City, 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 Sullivan City, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sullivan City, 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 Sullivan City, 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 Sullivan City, 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 Sullivan City, 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 Sullivan City, 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 several advantages for residents of Sullivan City, Texas. These short-term loans provide quick and convenient access to funds for purchasing a new home while waiting for the sale of their existing property. This can help individuals avoid missing out on their dream home due to delays in the selling process. Demographically, Sullivan City is a vibrant community with a diverse population. The city is known for its strong sense of community and friendly residents. The cost of living in Sullivan City is relatively affordable compared to other parts of Texas, making it an attractive location for young families and professionals looking to settle down. The housing market in Sullivan City is dynamic, with a range of options available for buyers. From cozy single-family homes to spacious ranch-style properties, there is something for everyone in Sullivan City. Bridge loans can help buyers secure their desired property quickly, giving them a competitive edge in the fast-moving real estate market. Some main attractions in Sullivan City include the picturesque Sullivan City Park, perfect for outdoor activities and family picnics. The city also boasts a rich cultural scene, with local art galleries and museums showcasing the area's history and heritage. Residents can enjoy a variety of dining options, from authentic Tex-Mex cuisine to cozy cafes.
Benefits of Bridge Loans in Sullivan City, Texas
