Get Approved at The Lowest Rate
Navigating the process of buying a new home in Channing, 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 Channing, TX or getting it ready for the market.
Identify the new home you want to buy in Channing, 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 Channing, 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 Channing, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Channing, 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 Channing, 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 Channing, 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 Channing, 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 Channing, 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 Channing, Texas offer borrowers the flexibility to secure financing for a new home before selling their current property, avoiding the need for a contingency offer. Channing, Texas, a town with a population of approximately 400 residents, boasts a tight-knit community with a strong sense of camaraderie and support. The housing market in Channing, Texas, is characterized by affordable home prices, making it an attractive option for first-time homebuyers or individuals looking for a peaceful retreat away from the bustling city life. Some of the main attractions in Channing include the historic Mesquite Lodge, the picturesque Rita Blanca Lake, and the annual Oldham County Roundup celebration, offering visitors a taste of local culture and traditions.
Benefits of Bridge Loans in Channing, Texas
