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Navigating the process of buying a new home in Thornton, 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 Thornton, TX or getting it ready for the market.
Identify the new home you want to buy in Thornton, 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 Thornton, 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 Thornton, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Thornton, 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 Thornton, 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 Thornton, 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 Thornton, 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 Thornton, 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 Thornton, Texas offer several benefits to homeowners and real estate investors. These short-term loans bridge the gap between the purchase of a new property and the sale of an existing one. They provide quick access to funds, enabling individuals to secure a new property without having to wait for their current one to sell. This flexibility can give borrowers a competitive edge in a fast-paced real estate market like Thornton’s. Thornton, Texas, a small town with a population of approximately 500 residents, offers a tight-knit community feel. The demographics primarily consist of families and retirees attracted to its peaceful countryside setting. The cost of living is lower than the national average, making it an affordable place to call home. The housing market in Thornton, Texas, features a mix of historic homes and new developments. With the help of bridge loans, buyers can capitalize on various opportunities in this growing market. The median home value is below the state average, making it an attractive option for first-time buyers and investors looking to expand their portfolios. Some of the main attractions in Thornton include the historic Thornton Depot Museum, showcasing the town’s railroad history, and the picturesque Lake Limestone, popular for fishing and water activities. The town also hosts local events and festivals that bring the community together, creating a vibrant and welcoming atmosphere for residents and visitors alike.
Benefits of Bridge Loans in Thornton, Texas
