Get Approved at The Lowest Rate
Navigating the process of buying a new home in Friona, 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 Friona, TX or getting it ready for the market.
Identify the new home you want to buy in Friona, 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 Friona, 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 Friona, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Friona, 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 Friona, 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 Friona, 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 Friona, 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 Friona, 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 Friona, Texas offer numerous advantages. They provide short-term financing to bridge the gap between the purchase of a new home and the sale of an existing one. This can help borrowers secure their dream home without being contingent on the sale of their current property. Friona, Texas, with a population of around 4,123, boasts a diverse community with a mix of families and professionals. The town offers a cost of living lower than the national average, making it an attractive place for individuals and families looking to settle down in a tight-knit community. The housing market in Friona is robust, with a median home value of $112,300. The market is competitive, with a mix of historic homes and new developments. Bridge loans provide flexibility to buyers in this market, allowing them to act quickly and secure the home they desire. Main attractions in Friona include the Prairie Acres Park, perfect for outdoor activities and family picnics. The West Texas square also offers a glimpse into the town's history, with quaint shops and local eateries lining the streets, making it an ideal spot for residents and visitors alike.
Benefits of Bridge Loans in Friona, Texas
