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Navigating the process of buying a new home in Wildorado, 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 Wildorado, TX or getting it ready for the market.
Identify the new home you want to buy in Wildorado, 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 Wildorado, 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 Wildorado, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Wildorado, 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 Wildorado, 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 Wildorado, 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 Wildorado, 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 Wildorado, 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!
Benefits of Bridge Loans: Bridge loans in Wildorado, Texas provide a convenient financing option for individuals looking to purchase a new home before selling their current one. They offer quick access to funds, flexible repayment terms, and can help avoid the stress of timing the sale and purchase of properties. Demographics: Wildorado, Texas, is a small town with a population of approximately 180 residents. The community is close-knit, with a mix of families and retirees. The town is known for its friendly atmosphere and strong sense of community. Housing Market: The housing market in Wildorado is stable, with a median home price of $150,000. The market offers a variety of housing options, including single-family homes and ranch-style properties. Bridge loans can help buyers take advantage of opportunities in this competitive market. Main Attractions: Despite its small size, Wildorado has a lot to offer. The town is surrounded by beautiful countryside, making it ideal for outdoor enthusiasts. Popular attractions include hiking trails, fishing spots, and local events that celebrate the town's history and culture.
Bridge Loans in Wildorado, Texas
