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Navigating the process of buying a new home in Timpson, 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 Timpson, TX or getting it ready for the market.
Identify the new home you want to buy in Timpson, 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 Timpson, 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 Timpson, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Timpson, 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 Timpson, 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 Timpson, 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 Timpson, 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 Timpson, 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 Timpson, Texas offer a convenient financing solution for homeowners looking to purchase a new property before selling their current one. These short-term loans provide quick access to capital, enabling individuals to bridge the gap between buying and selling without the stress of timing issues. Demographically, Timpson boasts a population of around 1200 residents, making it a tight-knit community with a strong sense of camaraderie. The median age is 39, and a majority of the population primarily consists of families and individuals seeking a peaceful and close-knit neighborhood to call home. As for the housing market, Timpson offers a range of affordable housing options suitable for various budgets and preferences. The market is stable, with home prices showing a steady appreciation over the years, making it an attractive location for both first-time buyers and seasoned investors looking for a promising investment opportunity. Some of the main attractions in Timpson include the historic downtown area, known for its charming shops and eateries, as well as the outdoor recreational opportunities provided by nearby parks and nature reserves. Residents can enjoy a serene lifestyle with access to modern conveniences.
Benefits of Bridge Loans in Timpson, Texas
