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Navigating the process of buying a new home in Wingate, 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 Wingate, TX or getting it ready for the market.
Identify the new home you want to buy in Wingate, 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 Wingate, 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 Wingate, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Wingate, 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 Wingate, 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 Wingate, 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 Wingate, 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 Wingate, 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 borrowers a short-term financing option to bridge the gap between the purchase of a new property and the sale of an existing one. In Wingate, Texas, these loans can provide quick access to funds, enabling buyers to seize opportunities without waiting for their current property to sell. Demographics Wingate, Texas, boasts a diverse population with a mix of young families and retirees. The town has a strong sense of community, with residents enjoying a peaceful, rural lifestyle. The town's close-knit atmosphere makes it an appealing location for those looking to settle down in a welcoming environment. Housing Market The housing market in Wingate, Texas, offers a range of options, from cozy single-family homes to spacious ranch-style properties. With a steady demand for housing, the market is competitive yet still relatively affordable compared to larger cities. Bridge loans can help buyers navigate this market by providing flexible financing solutions. Main Attractions Wingate, Texas, is known for its beautiful natural surroundings, including parks, lakes, and hiking trails. Residents can enjoy outdoor activities like fishing, camping, and bird-watching. The town also has a rich history, with museums and cultural events that showcase its heritage. With a thriving local economy and a range of recreational opportunities, Wingate offers a high quality of life for its residents.
Benefits of Bridge Loans in Wingate, Texas
