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Navigating the process of buying a new home in West Point, 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 West Point, TX or getting it ready for the market.
Identify the new home you want to buy in West Point, 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 West Point, 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 West Point, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in West Point, 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 West Point, 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 West Point, 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 West Point, 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 West Point, 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 flexible financing option for homebuyers in West Point, Texas, allowing them to bridge the gap between the purchase of a new home and the sale of their existing one. This can help avoid contingencies and secure a competitive offer on a new property. Demographically, West Point, Texas, is a charming rural town with a population that values community and a slower pace of life. The area is known for its friendly residents and strong sense of local pride, making it an ideal place to raise a family or retire peacefully. In terms of housing market trends, West Point offers diverse options ranging from historic homes with character to modern developments with amenities. The market is stable, with steady growth in property values, making it a wise investment choice for those looking to establish roots in a quaint yet vibrant community. Some main attractions in West Point include picturesque parks, family-friendly events, and a rich cultural scene. Residents can enjoy outdoor activities like hiking, fishing, and camping, as well as explore local art galleries, museums, and quaint shops that showcase the town's heritage and creativity.
Benefits of Bridge Loans in West Point, Texas
