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Navigating the process of buying a new home in Welch, 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 Welch, TX or getting it ready for the market.
Identify the new home you want to buy in Welch, 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 Welch, 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 Welch, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Welch, 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 Welch, 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 Welch, 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 Welch, 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 Welch, 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 Welch, Texas offer a valuable financial solution for individuals looking to purchase a new home before selling their existing one. They provide immediate funds for down payments without having to wait for the sale of their current property, enabling a smoother transition between homes. Demographically, Welch, Texas, is a small, tight-knit community with a population of approximately 1,000 residents. The town boasts a strong sense of community and a low crime rate, making it an ideal location for families and retirees looking for a peaceful environment to call home. The housing market in Welch, Texas, is currently stable with a diverse range of properties available for buyers. Median home prices are affordable, making it an attractive option for first-time homebuyers and those looking to invest in real estate. With the help of bridge loans, buyers can seize opportunities in this market without the constraints of traditional financing. Main attractions in Welch, Texas, include the scenic Welch Community Park, known for its picturesque trails and family-friendly atmosphere. Additionally, the town hosts annual events such as the Welch Rodeo and Harvest Festival, providing entertainment for residents and visitors alike.
Benefits of Bridge Loans in Welch, Texas
