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Navigating the process of buying a new home in Tom Bean, 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 Tom Bean, TX or getting it ready for the market.
Identify the new home you want to buy in Tom Bean, 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 Tom Bean, 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 Tom Bean, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Tom Bean, 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 Tom Bean, 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 Tom Bean, 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 Tom Bean, 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 Tom Bean, 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 Tom Bean, Texas, offer a practical solution for homeowners who are looking to purchase a new home before selling their existing one. They provide the flexibility of securing funds to bridge the gap between transactions without disrupting the buying process. Tom Bean, Texas, a charming small town with a population of around XXXX, boasts a close-knit community feel. The demographic makeup includes a mix of families, professionals, and retirees, creating a diverse and welcoming environment for residents. When it comes to the housing market in Tom Bean, Texas, the city has seen steady growth over the past few years. The market offers a range of housing options, including single-family homes and acreage properties, catering to various preferences and budgets. Some main attractions in Tom Bean, Texas, include the beautiful XXXXX Park, a popular spot for outdoor activities and family gatherings. Additionally, the XXXX Museum showcases the rich history of the town, providing insight into its heritage and culture.
Benefits of Bridge Loans in Tom Bean, Texas
