Get Approved at The Lowest Rate
Navigating the process of buying a new home in Monahans, 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 Monahans, TX or getting it ready for the market.
Identify the new home you want to buy in Monahans, 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 Monahans, 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 Monahans, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Monahans, 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 Monahans, 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 Monahans, 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 Monahans, 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 Monahans, 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 Monahans, Texas offer quick financing solutions for individuals looking to buy a new home before selling their existing one. This type of loan provides flexibility and helps secure the new property without the need to wait for the old one to sell, avoiding missed opportunities in the competitive housing market. Monahans, Texas, a small town located in West Texas, has a population of approximately 7,800 residents. With a diverse community and a strong sense of community pride, Monahans offers a welcoming environment for individuals and families looking to settle down in a tight-knit community. The housing market in Monahans, Texas is characterized by steady growth and affordable prices compared to larger urban areas. The availability of bridge loans provides buyers with additional options to navigate the market, making it easier to secure their dream home in this charming town. Some of the main attractions in Monahans include the Monahans Sandhills State Park, a popular destination for outdoor enthusiasts offering activities such as sand surfing and hiking. Additionally, the Million Barrel Museum provides insight into the town's history in the oil industry, showcasing its rich heritage.
The Benefits of Bridge Loans in Monahans, Texas
