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Navigating the process of buying a new home in Weimar, 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 Weimar, TX or getting it ready for the market.
Identify the new home you want to buy in Weimar, 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 Weimar, 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 Weimar, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Weimar, 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 Weimar, 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 Weimar, 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 Weimar, 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 Weimar, 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 provide a short-term financing solution for individuals looking to purchase a new home before selling their existing one. In Weimar, Texas, these loans offer the flexibility to buy a new property quickly, without being contingent on the sale of the current home. This can be advantageous in a competitive real estate market. Demographically, Weimar has a population of around 2,200 residents. The town boasts a strong sense of community and a family-friendly environment. With a mix of retirees, young families, and professionals, Weimar offers a diverse community that values small-town charm and a slower pace of life. In terms of the housing market, Weimar, Texas, has seen a steady increase in property values over the past years. The median home price is around $180,000, making it an attractive option for first-time buyers and those looking to invest in real estate. Bridge loans can help bridge the financial gap for buyers in this competitive market. Some of the main attractions in Weimar include the historic Borden-Hill home, which offers a glimpse into the town's rich history. Additionally, the nearby Buescher State Park provides opportunities for outdoor recreation, including hiking, fishing, and camping, making it an ideal destination for nature enthusiasts.
Benefits of Bridge Loans in Weimar, Texas
