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Navigating the process of buying a new home in Woodsboro, 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 Woodsboro, TX or getting it ready for the market.
Identify the new home you want to buy in Woodsboro, 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 Woodsboro, 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 Woodsboro, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Woodsboro, 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 Woodsboro, 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 Woodsboro, 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 Woodsboro, 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 Woodsboro, 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 Woodsboro, Texas offer a convenient and flexible financing solution for individuals looking to buy a new home before selling their current property. These loans provide quick access to funds, allowing borrowers to secure their new home without the stress of waiting for their existing property to sell. Demographics in Woodsboro, Texas show a close-knit community with a population that values small-town living. The town boasts a diverse population and a strong sense of community pride. Residents in Woodsboro enjoy a peaceful and serene environment with access to various amenities. The housing market in Woodsboro, Texas is stable and offers a range of housing options to suit different preferences and budgets. With the help of bridge loans, individuals can take advantage of favorable market conditions to buy or upgrade their homes. The town's real estate market is competitive yet affordable, making it an attractive location for buyers. Main attractions in Woodsboro, Texas include beautiful parks, historical landmarks, and recreational facilities. Residents and visitors can enjoy outdoor activities such as hiking, biking, and fishing in the picturesque surroundings of Woodsboro. The town's rich history is evident in its architecture and museums, providing opportunities for cultural exploration.
Benefits of Bridge Loans in Woodsboro, Texas