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Navigating the process of buying a new home in Winnsboro, 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 Winnsboro, TX or getting it ready for the market.
Identify the new home you want to buy in Winnsboro, 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 Winnsboro, 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 Winnsboro, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Winnsboro, 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 Winnsboro, 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 Winnsboro, 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 Winnsboro, 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 Winnsboro, 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 Winnsboro, Texas offer the advantage of providing short-term financing to bridge the gap between the purchase of a new home and the sale of an existing one. This flexibility allows homeowners to make a smooth transition without the stress of timing issues. Demographics: Winnsboro, Texas, is a charming small town known for its friendly community, with a population of around 3,500 residents. The town has a mix of young families, retirees, and professionals, creating a diverse and welcoming environment. Housing Market: The housing market in Winnsboro is vibrant, offering a range of options from historic homes to modern developments. The median home price is affordable compared to larger cities, making it an attractive location for those looking to invest in real estate. Main Attractions: Winnsboro boasts a rich cultural scene with various art galleries and antique shops. Nature lovers can enjoy the nearby Lake Winnsboro for fishing and outdoor activities, while food enthusiasts can explore the local eateries serving delicious Southern cuisine.
Benefits of Bridge Loans in Winnsboro, Texas
