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Navigating the process of buying a new home in Zephyr, 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 Zephyr, TX or getting it ready for the market.
Identify the new home you want to buy in Zephyr, 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 Zephyr, 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 Zephyr, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Zephyr, 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 Zephyr, 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 Zephyr, 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 Zephyr, 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 Zephyr, 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 Zephyr, Texas offer a unique financial solution for homeowners looking to transition smoothly between properties. These short-term loans provide the flexibility to purchase a new home before selling the current one, eliminating the need for contingent offers. Demographics Zephyr, Texas, is a quaint town with a population of approximately 500 residents. The community is close-knit and offers a peaceful suburban setting, making it an ideal place for families and retirees alike. Housing Market The housing market in Zephyr, Texas, is characterized by a mix of traditional single-family homes and charming ranch-style properties. With a median home value below the state average, Zephyr presents affordable housing options for buyers seeking a comfortable lifestyle. Main Attractions Despite its small size, Zephyr boasts several attractions that draw visitors and residents alike. From the scenic Zephyr Park to the historic Zephyr Depot Museum, this town offers a blend of natural beauty and cultural heritage.
Benefits of Bridge Loans in Zephyr, Texas
