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Navigating the process of buying a new home in Wellington, 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 Wellington, TX or getting it ready for the market.
Identify the new home you want to buy in Wellington, 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 Wellington, 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 Wellington, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Wellington, 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 Wellington, 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 Wellington, 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 Wellington, 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 Wellington, 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 Wellington, Texas offer flexibility and convenience to homebuyers. These short-term loans allow individuals to bridge the gap between the purchase of a new property and the sale of their existing home. They provide immediate funds to secure a new property without waiting for the sale of the old one, making the buying process smoother and less stressful. Wellington, Texas, a charming city with a population of approximately 2,200 residents, boasts a diverse community. The city is known for its rich history, friendly neighborhoods, and excellent school system, making it an ideal place for families and individuals looking to settle down in a welcoming environment. The housing market in Wellington, Texas, offers a variety of options for homebuyers. With a median home value below the national average, the city presents affordable housing opportunities. The market is stable, providing a favorable environment for both buyers and sellers, making it a promising investment location. While in Wellington, visitors can explore a range of attractions, such as the Collingsworth County Museum, Sam Wahl Recreation Complex, and the historic Wellington Chamber of Commerce building. The city's vibrant downtown area is home to locally-owned shops, restaurants, and parks, offering a unique and enriching experience for residents and tourists alike.
Benefits of Bridge Loans in Wellington, Texas
