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Navigating the process of buying a new home in Whitney, 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 Whitney, TX or getting it ready for the market.
Identify the new home you want to buy in Whitney, 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 Whitney, 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 Whitney, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Whitney, 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 Whitney, 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 Whitney, 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 Whitney, 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 Whitney, 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 Whitney, Texas provide a convenient short-term financing solution for individuals looking to purchase a new home before selling their current one. These loans offer flexibility and quick access to funds, allowing buyers to secure their dream home without waiting for their existing property to sell. Demographically, Whitney, Texas has a population of approximately 2,000 residents. The town boasts a close-knit community feel with a mix of young families and retirees. The cost of living is relatively low compared to nearby cities, making it an attractive option for those looking to settle down in a peaceful and picturesque location. The housing market in Whitney, Texas is stable with a variety of properties available for sale. With the help of bridge loans, buyers can take advantage of competitive interest rates and favorable terms to find their ideal home. Property prices are reasonable, making real estate investment in Whitney a lucrative option for potential homeowners. Some main attractions in Whitney include the beautiful Lake Whitney, a popular spot for fishing and water sports enthusiasts. The town also features scenic parks, hiking trails, and charming local shops and restaurants. With its tranquil surroundings and friendly atmosphere, Whitney offers a peaceful retreat for residents and visitors alike.
Bridge Loans Benefits in Whitney, Texas
