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Navigating the process of buying a new home in Wrightsboro, 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 Wrightsboro, TX or getting it ready for the market.
Identify the new home you want to buy in Wrightsboro, 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 Wrightsboro, 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 Wrightsboro, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Wrightsboro, 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 Wrightsboro, 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 Wrightsboro, 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 Wrightsboro, 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 Wrightsboro, 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 Wrightsboro, Texas provide a crucial financial lifeline for homeowners looking to purchase a new property before selling their current one. They offer short-term financing that bridges the gap between the sale of an existing home and the purchase of a new one, preventing homeowners from missing out on their dream property. Demographically, Wrightsboro has a diverse population with a mix of families, professionals, and retirees. The community prides itself on its friendly small-town atmosphere, making it an ideal place to settle down and raise a family. The cost of living is reasonable, and the area enjoys a strong sense of community spirit. In terms of the housing market, Wrightsboro offers a range of options from historic homes to modern developments. The market is stable and has seen steady growth in property values over the years, making it an attractive investment opportunity. Bridge loans can help buyers take advantage of these favorable market conditions. Main attractions in Wrightsboro include the charming downtown area with its local shops and eateries, perfect for a leisurely afternoon stroll. Outdoor enthusiasts can explore the nearby parks and recreational areas, while history buffs will appreciate the town's historical landmarks and museums.
Benefits of Bridge Loans in Wrightsboro, Texas
