Get Approved at The Lowest Rate
Navigating the process of buying a new home in Canyon, 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 Canyon, TX or getting it ready for the market.
Identify the new home you want to buy in Canyon, 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 Canyon, 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 Canyon, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Canyon, 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 Canyon, 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 Canyon, 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 Canyon, 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 Canyon, 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 offer homeowners in Canyon, Texas the flexibility to secure funding for a new home purchase before selling their current property. This allows individuals to avoid the stress of waiting for their home to sell before moving forward with a new purchase. Demographically, Canyon, Texas is a vibrant community with a population of approximately 16,000 residents. The city boasts a diverse population with a mix of young families, professionals, and retirees, creating a welcoming and inclusive atmosphere. The housing market in Canyon, Texas is stable and offers a range of options for potential buyers. With a median home price of $200,000, the market provides affordable housing options for first-time buyers and those looking to invest in real estate. Some main attractions in Canyon include Palo Duro Canyon State Park, known for its stunning geological formations and outdoor recreational activities. Additionally, visitors can explore the Panhandle-Plains Historical Museum and enjoy the West Texas A&M University campus.
Benefits of Bridge Loans in Canyon, Texas
