Get Approved at The Lowest Rate
Navigating the process of buying a new home in Hereford, 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 Hereford, TX or getting it ready for the market.
Identify the new home you want to buy in Hereford, 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 Hereford, 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 Hereford, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hereford, 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 Hereford, 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 Hereford, 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 Hereford, 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 Hereford, 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 Hereford, Texas offer a lifeline for individuals looking to purchase a new home before selling their current one. This type of loan provides the flexibility to secure funds quickly, bridging the gap between buying and selling homes. It allows homeowners to avoid the stress of timing their transactions perfectly. Demographics Hereford, Texas, has a population of approximately 15,000 residents. The town boasts a diverse community with a mix of families, young professionals, and retirees. The cost of living is reasonable, making it an attractive option for those looking to settle down in a close-knit community. Housing Market The housing market in Hereford is stable, with a variety of housing options available to suit different preferences and budgets. The median home price is around $150,000, making it an affordable choice for first-time homebuyers and families looking to upgrade. Main Attractions Hereford offers a range of attractions for residents and visitors alike. From the historic Deaf Smith County Historical Museum to the scenic Wild West Waterpark, there is something for everyone to enjoy. The town's vibrant downtown area also features local shops, restaurants, and community events.
Benefits of Bridge Loans in Hereford, Texas
