Get Approved at The Lowest Rate
Navigating the process of buying a new home in Guthrie, 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 Guthrie, TX or getting it ready for the market.
Identify the new home you want to buy in Guthrie, 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 Guthrie, 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 Guthrie, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Guthrie, 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 Guthrie, 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 Guthrie, 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 Guthrie, 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 Guthrie, 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 a convenient financing solution for those looking to bridge the gap between the purchase of a new home and the sale of their current property in Guthrie. These loans provide flexibility and quick access to funds, enabling homeowners to secure their dream home without the stress of selling their existing property first. Demographics in Guthrie, Texas, paint a picture of a small yet tight-knit community. With a population of around 160 residents, Guthrie offers a peaceful and welcoming environment for families and individuals looking to settle down in a serene rural setting. The housing market in Guthrie, Texas, is characterized by affordable property prices and a diverse range of housing options. Whether you are in the market for a quaint country home or a spacious ranch property, Guthrie has something for everyone, making it an attractive destination for homebuyers. Some main attractions in Guthrie include the historic Cotton Exchange Building, which provides a glimpse into the town's rich history, and the picturesque Guthrie Lake, perfect for outdoor activities such as fishing and boating. Additionally, the annual Guthrie Bluegrass Festival attracts music enthusiasts from all over Texas, showcasing the town's vibrant cultural scene.
Benefits of Bridge Loans in Guthrie, Texas
