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Navigating the process of buying a new home in Munday, 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 Munday, TX or getting it ready for the market.
Identify the new home you want to buy in Munday, 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 Munday, 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 Munday, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Munday, 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 Munday, 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 Munday, 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 Munday, 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 Munday, 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 Munday, Texas offer a convenient financing solution for individuals looking to purchase a new home before selling their current one. This type of loan provides quick access to funds, allowing borrowers to bridge the gap between the purchase and sale of properties. Demographics in Munday, Texas show a small-town community with a population of approximately 1,300 residents. The town boasts a close-knit atmosphere where neighbors know each other, creating a sense of belonging and community pride. The housing market in Munday, Texas presents a range of opportunities for buyers and sellers. With a mix of historic homes and modern residences, the real estate market caters to diverse preferences and budgets. Bridge loans can help facilitate transactions in this dynamic housing market. Main attractions in Munday, Texas include the Munday Historical Museum, showcasing the town's rich history, and the scenic Munday Lake, offering opportunities for outdoor recreation such as fishing and picnicking. Residents and visitors alike enjoy the charm and tranquility of this Texas town.
Benefits of Bridge Loans in Munday, Texas
