Get Approved at The Lowest Rate
Navigating the process of buying a new home in Bishop, 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 Bishop, TX or getting it ready for the market.
Identify the new home you want to buy in Bishop, 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 Bishop, 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 Bishop, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bishop, 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 Bishop, 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 Bishop, 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 Bishop, 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 Bishop, 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 Bishop, Texas offer numerous benefits to borrowers. They provide short-term financing solutions to cover the gap between the purchase of a new home and the sale of an existing property, helping individuals secure their dream homes without delays. Demographics in Bishop, Texas reveal a close-knit community with a population of approximately 3,305 residents. The town features a mix of families and retirees, creating a diverse and welcoming atmosphere for new residents. The housing market in Bishop, Texas is characterized by affordable home prices and a steady growth trajectory. With a median home value of $144,000, the market offers various options for first-time buyers and investors looking to capitalize on the town's real estate potential. Main attractions in Bishop, Texas include the lush Bishop City Park, known for its scenic views and family-friendly amenities. Additionally, residents and visitors can explore the historic Bishop Market Days, showcasing local artisans and vendors, adding charm to the town's cultural fabric.
Benefits of Bridge Loans in Bishop, Texas
