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Navigating the process of buying a new home in Trinity, 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 Trinity, TX or getting it ready for the market.
Identify the new home you want to buy in Trinity, 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 Trinity, 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 Trinity, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Trinity, 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 Trinity, 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 Trinity, 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 Trinity, 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 Trinity, 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 Trinity, Texas offer numerous benefits for borrowers. These short-term loans provide quick access to funds for purchasing a new home before selling an existing one. They can help bridge the gap between buying a new property and receiving the equity from the sale of the current home, avoiding the need for a contingency offer. Trinity, Texas, located in Trinity County, has a population of approximately 2,700 residents. The median age is 45, with a median household income of $39,000. The area boasts a diverse community with a mix of families, young professionals, and retirees, creating a vibrant and welcoming atmosphere. The housing market in Trinity, Texas, is stable with a median home value of $150,000. The market offers a variety of housing options, including single-family homes, townhouses, and rural properties. Bridge loans can help buyers take advantage of this diverse market by providing flexibility and financial support during the home buying process. Trinity, Texas, is home to various attractions that appeal to residents and visitors alike. The town is known for its outdoor recreational activities, including hiking, fishing, and boating on nearby Lake Livingston. Additionally, the Trinity Historical Society preserves the area's rich history through museums and cultural events, offering a glimpse into the town's past.
Benefits of Bridge Loans in Trinity, Texas
