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Navigating the process of buying a new home in Texarkana, 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 Texarkana, TX or getting it ready for the market.
Identify the new home you want to buy in Texarkana, 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 Texarkana, 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 Texarkana, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Texarkana, 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 Texarkana, 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 Texarkana, 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 Texarkana, 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 Texarkana, 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 in Texarkana provide interim financing for individuals looking to buy a new property before selling their current one. They offer flexibility, allowing buyers to make a down payment on a new home without being contingent on the sale of their old home. Demographics: Texarkana, located on the border of Texas and Arkansas, has a diverse population with a mix of urban and rural characteristics. The city has a rich history and a vibrant community with a median household income above the state average. Housing Market: The housing market in Texarkana is stable, offering a mix of affordable housing options and upscale neighborhoods. With a growing demand for housing due to the city's strategic location, property values have been steadily appreciating over the years. Main Attractions: Texarkana boasts attractions like the Perot Theatre, Texarkana Museums System, and the Four States Fairgrounds. Outdoor enthusiasts can enjoy the picturesque Wright Patman Lake or explore the historic State Line Avenue, which divides the city between Texas and Arkansas.
Bridge Loans in Texarkana, Texas
