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Navigating the process of buying a new home in Wheeler, 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 Wheeler, TX or getting it ready for the market.
Identify the new home you want to buy in Wheeler, 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 Wheeler, 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 Wheeler, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Wheeler, 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 Wheeler, 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 Wheeler, 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 Wheeler, 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 Wheeler, 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 Wheeler, Texas offer numerous benefits for individuals seeking temporary financing to bridge the gap between the purchase of a new home and the sale of their current one. These loans provide quick access to funds, allowing homeowners to seize opportunities in the competitive real estate market without waiting for their existing property to sell. Demographics of Wheeler, Texas reveal a small but close-knit community. With a population of around 1,500 residents, Wheeler boasts a friendly atmosphere where neighbors know each other by name. The town's demographic is a mix of families, young professionals, and retirees, creating a diverse and welcoming environment. The housing market in Wheeler, Texas is dynamic, with a range of properties available for buyers. The median home price in Wheeler is relatively affordable compared to larger cities in Texas, making it an attractive option for first-time homebuyers or those looking for a peaceful retreat away from the hustle and bustle of urban life. Some main attractions in Wheeler, Texas include the Wheeler County Courthouse, a historic landmark known for its impressive architecture. Nature enthusiasts can enjoy outdoor activities at the nearby Lake Mabel, offering fishing, hiking, and camping opportunities. Wheeler also hosts local events throughout the year, showcasing the town's vibrant community spirit.
The Benefits of Bridge Loans in Wheeler, Texas
