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Navigating the process of buying a new home in Wills 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 Wills Point, TX or getting it ready for the market.
Identify the new home you want to buy in Wills 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 Wills 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 Wills Point, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Wills 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 Wills 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 Wills 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 Wills 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 Wills 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 in Wills Point, Texas provide borrowers with the flexibility to purchase a new home before selling their existing property. This can help avoid the stress of timing the sale of one home with the purchase of another, ensuring a smoother transition. Demographics in Wills Point, Texas, show a population that is diverse in age groups, with a mix of families and retirees. The community is known for its friendly atmosphere and strong sense of community, making it an attractive place to live for people of all ages. The housing market in Wills Point, Texas, is stable with a range of housing options available, from historic homes with character to modern developments. The median home price is affordable compared to neighboring cities, making it an attractive location for first-time homebuyers and those looking to upgrade. Some main attractions in Wills Point include the Wills Point Bluebird Festival, a charming event celebrating the city's status as the Bluebird Capital of Texas. The city is also home to picturesque parks, local shops, and restaurants, offering residents a blend of small-town charm and modern convenience.
Benefits of Bridge Loans in Wills Point, Texas
