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Navigating the process of buying a new home in Abernathy, 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 Abernathy, TX or getting it ready for the market.
Identify the new home you want to buy in Abernathy, 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 Abernathy, 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 Abernathy, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Abernathy, 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 Abernathy, 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 Abernathy, 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 Abernathy, 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 Abernathy, 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 Abernathy, Texas offer numerous benefits for individuals looking to buy a new home before selling their current one. These short-term loans provide financial flexibility by allowing homeowners to access funds quickly for a down payment, bridging the gap between buying and selling. Demographics: Abernathy, Texas, has a population of approximately 2,800 residents with a mix of families and professionals. The community is known for its friendly atmosphere and strong sense of community, making it an ideal place to raise a family or start a business. Housing Market: The housing market in Abernathy is diverse, offering a range of housing options from cozy single-family homes to spacious rural properties. Bridge loans can help buyers secure their dream home quickly in a competitive market without having to wait for their current home to sell. Main Attractions: Abernathy is known for its rich agricultural heritage, with attractions like the Abernathy Antelope Park and the West Texas Adventure Park. The town also hosts various community events and festivals throughout the year, providing residents with ample opportunities for recreation and socializing.
Benefits of Bridge Loans in Abernathy, Texas
