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Navigating the process of buying a new home in Paducah, 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 Paducah, TX or getting it ready for the market.
Identify the new home you want to buy in Paducah, 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 Paducah, 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 Paducah, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Paducah, 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 Paducah, 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 Paducah, 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 Paducah, 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 Paducah, 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 Paducah, Texas offer a unique advantage to homebuyers by providing short-term financing that allows them to secure a new property before selling their existing home. This can prevent the need for a contingency offer, giving buyers a competitive edge in a hot real estate market. Paducah, Texas, is a small town with a tight-knit community and a population of approximately 1,100 residents. The town boasts a low cost of living compared to neighboring cities, making it an attractive option for both families and retirees looking to settle down in a peaceful environment. The housing market in Paducah is characterized by affordable single-family homes, with a median home price below the national average. Bridge loans can help buyers take advantage of these favorable market conditions and secure their dream home without the stress of timing the sale of their current property. Some of the main attractions in Paducah include the stunning Copper Breaks State Park, known for its hiking trails and stargazing opportunities. The town also hosts the annual Pioneer Round-Up Days, a celebration of Paducah's rich Western heritage, featuring rodeo events and live music.
Benefits of Bridge Loans in Paducah, Texas
