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Navigating the process of buying a new home in Thomaston, 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 Thomaston, TX or getting it ready for the market.
Identify the new home you want to buy in Thomaston, 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 Thomaston, 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 Thomaston, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Thomaston, 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 Thomaston, 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 Thomaston, 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 Thomaston, 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 Thomaston, 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 Thomaston, Texas offer several benefits to homebuyers. They provide short-term financing to bridge the gap between the purchase of a new home and the sale of a current one. This allows buyers to secure their new property without being contingent on the sale of their existing home. Thomaston, Texas, boasts a diverse demographic profile with a mix of young families, professionals, and retirees. The town has a strong sense of community and offers a range of amenities such as parks, schools, and local businesses, making it an ideal place to live for people of all ages. The housing market in Thomaston is competitive yet affordable, with a variety of properties available to suit different buyer needs. The median home price is reasonable, making it an attractive option for first-time buyers or those looking to downsize without compromising on quality. Main attractions in Thomaston include the historical downtown area, featuring charming boutiques and restaurants, as well as parks and recreational facilities for outdoor enthusiasts. The town's proximity to nature preserves and cultural landmarks provides residents with a rich living experience.
Benefits of Bridge Loans in Thomaston, Texas
