Get Approved at The Lowest Rate
Navigating the process of buying a new home in Amarillo, 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 Amarillo, TX or getting it ready for the market.
Identify the new home you want to buy in Amarillo, 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 Amarillo, 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 Amarillo, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Amarillo, 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 Amarillo, 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 Amarillo, 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 Amarillo, 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 Amarillo, 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 Amarillo, Texas offer numerous benefits to homeowners and real estate investors. They provide quick access to funds for purchasing a new home before selling an existing one, helping to bridge financial gaps. These loans have flexible terms and lower credit score requirements than traditional mortgages, making them appealing to many borrowers. Amarillo, Texas, has a diverse demographic profile, with a population of over 200,000 residents. The city boasts a strong economy driven by industries such as agriculture, healthcare, and manufacturing. The cost of living in Amarillo is lower than the national average, making it an attractive location for families and individuals looking to settle down. The housing market in Amarillo offers a range of options for buyers and investors. The city has seen steady growth in property values, making it a lucrative market for real estate investment. With a variety of neighborhoods to choose from, including historic districts and modern developments, Amarillo provides ample opportunities for homeownership. Main attractions in Amarillo include the iconic Cadillac Ranch, a public art installation featuring half-buried Cadillacs, and Palo Duro Canyon State Park, known for its stunning landscapes and outdoor recreational activities. The city also offers a vibrant arts and culture scene, with museums, galleries, and theaters for residents and visitors to enjoy.
Bridge Loans in Amarillo, Texas
