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Navigating the process of buying a new home in Warren, 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 Warren, TX or getting it ready for the market.
Identify the new home you want to buy in Warren, 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 Warren, 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 Warren, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Warren, 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 Warren, 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 Warren, 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 Warren, 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 Warren, 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 Warren, Texas offer borrowers the flexibility to secure financing quickly, making it ideal for those looking to purchase a new home before selling their current one. These loans provide short-term funds to cover the down payment or closing costs, bridging the gap until the sale of the existing property. Demographics: Warren, Texas, is a diverse community with a mix of young families and retirees. The population is around 900 residents, creating a close-knit and welcoming atmosphere. The town has a median household income above the state average, reflecting a stable economic environment. Housing Market: The housing market in Warren, Texas, is dynamic, with a range of property types to suit different needs. The town offers affordable housing options compared to nearby cities, making it an attractive location for first-time homebuyers. Bridge loans can help facilitate faster transactions in this competitive market. Main Attractions: Despite its small size, Warren has much to offer, including scenic parks, local boutiques, and charming cafes. Outdoor enthusiasts can enjoy hiking trails and fishing spots nearby, while cultural events and community activities provide residents with a rich and vibrant lifestyle.
Benefits of Bridge Loans in Warren, Texas
