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Navigating the process of buying a new home in Vernon, 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 Vernon, TX or getting it ready for the market.
Identify the new home you want to buy in Vernon, 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 Vernon, 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 Vernon, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Vernon, 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 Vernon, 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 Vernon, 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 Vernon, 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 Vernon, 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 offer individuals in Vernon, Texas, a strategic financial tool by providing short-term financing to bridge the gap between the purchase of a new property and the sale of an existing one. This enables seamless transactions without the need to wait for the sale of the current property, allowing for quick acquisitions and avoiding missed opportunities in the competitive real estate market. Vernon, Texas, boasts a diverse demographic profile, with a population that encompasses various age groups and backgrounds, creating a vibrant community rich in cultural exchange. The city's welcoming atmosphere and strong sense of community make it an ideal place for individuals and families looking to settle down and enjoy a high quality of life. The housing market in Vernon, Texas, offers a blend of historical charm and modern amenities, with a range of housing options to suit different preferences and budgets. The real estate market is stable, presenting opportunities for both buyers and sellers. Bridge loans can be particularly advantageous in such a dynamic market, facilitating smooth transitions and expedited transactions. Aside from its robust real estate market, Vernon, Texas, boasts an array of main attractions that appeal to residents and visitors alike. From scenic parks and recreational facilities to cultural landmarks and local events, the city offers a diverse range of activities for individuals of all ages to enjoy, enhancing the overall quality of life in the community.
Benefits of Bridge Loans in Vernon, Texas
