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Navigating the process of buying a new home in Paint Rock, 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 Paint Rock, TX or getting it ready for the market.
Identify the new home you want to buy in Paint Rock, 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 Paint Rock, 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 Paint Rock, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Paint Rock, 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 Paint Rock, 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 Paint Rock, 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 Paint Rock, 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 Paint Rock, 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!
A bridge loan in Paint Rock, Texas can offer individuals and families the flexibility needed to purchase a new home while waiting for their current one to sell. This type of financing can help bridge the gap between the sale of their existing property and the purchase of a new one, reducing the stress and financial burden of owning two homes simultaneously. Paint Rock, Texas, a small town with a population of around 300, offers a tight-knit community feel with a low cost of living. The area is ideal for those looking to escape the hustle and bustle of city life and enjoy a more relaxed pace in a scenic setting. The housing market in Paint Rock, Texas, is characterized by affordable prices and a variety of property types, including charming historic homes and newer constructions. Bridge loans can provide buyers with the necessary funds to secure a property in this desirable market quickly and efficiently. Main attractions in Paint Rock include the Concho River, where residents can enjoy water activities such as fishing and kayaking, as well as the Paint Rock Independent School District, providing quality education for local students.
Benefits of Bridge Loans in Paint Rock, Texas
