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Navigating the process of buying a new home in Wayside, 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 Wayside, TX or getting it ready for the market.
Identify the new home you want to buy in Wayside, 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 Wayside, 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 Wayside, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Wayside, 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 Wayside, 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 Wayside, 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 Wayside, 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 Wayside, 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 Wayside, Texas offer numerous benefits for homebuyers. These short-term loans provide quick financing to bridge the gap between the purchase of a new home and the sale of your current one. They allow flexibility in securing the new property without the pressure of selling the existing one quickly. Demographically, Wayside is a charming town in Texas with a growing population of diverse backgrounds. The community prides itself on its strong sense of togetherness and support. With a mix of families, young professionals, and retirees, Wayside offers a welcoming environment for people of all ages. The housing market in Wayside is competitive yet promising. With a steady rise in property values, investing in real estate in Wayside can yield good returns. The availability of bridge loans makes it easier for homebuyers to navigate the market, especially when looking to purchase a new home before selling their current one. Some main attractions in Wayside include its picturesque parks, vibrant local markets, and cultural events that celebrate the town's rich history. Residents and visitors alike enjoy exploring the unique shops, dining at local restaurants, and participating in community festivals that showcase the town's unique charm.
Bridge Loans Benefits in Wayside, Texas
