Get Approved at The Lowest Rate
Navigating the process of buying a new home in Waskom, 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 Waskom, TX or getting it ready for the market.
Identify the new home you want to buy in Waskom, 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 Waskom, 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 Waskom, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Waskom, 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 Waskom, 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 Waskom, 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 Waskom, 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 Waskom, 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 a convenient short-term financing solution for individuals looking to purchase a new home before selling their existing property. In Waskom, Texas, these loans provide liquidity to bridge the gap between the sale of the old home and the purchase of a new one, allowing for smoother transitions. Demographics: Waskom, Texas, has a population of approximately 2,000 residents. The town boasts a close-knit community vibe, with a mix of young families, retirees, and working professionals. The cost of living is lower than the national average, making it an attractive place to settle down. Housing Market: Waskom's housing market is diverse, offering everything from historic homes to newer developments. The average home price in Waskom is around $150,000, making it an affordable option for first-time homebuyers and individuals looking to upgrade. Bridge loans can help expedite the buying process in this competitive market. Main Attractions: Waskom is known for its picturesque countryside, outdoor recreational activities, and charming downtown area. Residents enjoy easy access to Caddo Lake, where they can partake in fishing, boating, and hiking. The town also hosts community events that bring residents together.
Benefits of Bridge Loans in Waskom, Texas
