Get Approved at The Lowest Rate
Navigating the process of buying a new home in Bailey, 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 Bailey, TX or getting it ready for the market.
Identify the new home you want to buy in Bailey, 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 Bailey, 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 Bailey, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bailey, 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 Bailey, 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 Bailey, 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 Bailey, 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 Bailey, 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 Bailey, Texas offer a range of benefits for individuals looking to finance a new home before selling their current one. These loans provide quick access to funds for a down payment, helping buyers secure their dream home without the stress of waiting for their existing property to sell. Demographically, Bailey, Texas is a small, close-knit community with a population of around 300 residents. The area boasts a strong sense of community spirit and a low crime rate, making it an ideal place to raise a family or retire in peace. In terms of the housing market, Bailey, Texas offers affordable real estate options compared to neighboring cities, making it an attractive location for first-time homebuyers or those looking to downsize. The market is stable with steady appreciation rates, ensuring a sound investment for property buyers. Main attractions in Bailey, Texas include its picturesque parks, charming downtown area, and a variety of local shops and eateries. The town's peaceful environment and recreational facilities make it a desirable place to live for nature lovers and those seeking a slower pace of life.
Benefits of Bridge Loans in Bailey, Texas
