Get Approved at The Lowest Rate
Navigating the process of buying a new home in Floydada, 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 Floydada, TX or getting it ready for the market.
Identify the new home you want to buy in Floydada, 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 Floydada, 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 Floydada, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Floydada, 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 Floydada, 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 Floydada, 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 Floydada, 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 Floydada, 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 Floydada, Texas offer a convenient and flexible financing solution for individuals who are looking to purchase a new property before selling their existing one. These loans provide quick access to funds, enabling buyers to secure their new home without the stress of waiting for their current home to sell. Demographically, Floydada is a vibrant town in Texas with a population that predominantly consists of families and professionals. The town boasts a strong community spirit and a range of amenities such as schools, parks, and local businesses, making it an attractive place to live and work. The housing market in Floydada, Texas is experiencing steady growth, making it an opportune time for buyers to invest in the area. With a variety of housing options available, from cozy single-family homes to spacious ranch-style properties, there is something to suit every taste and budget. For those considering a visit or a move to Floydada, some main attractions include the Floyd County Historical Museum, where visitors can learn about the town's rich history, as well as the beautiful parks and outdoor recreational areas that offer a peaceful retreat from city life.
Benefits of Bridge Loans in Floydada, Texas
