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Navigating the process of buying a new home in Palestine, 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 Palestine, TX or getting it ready for the market.
Identify the new home you want to buy in Palestine, 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 Palestine, 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 Palestine, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Palestine, 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 Palestine, 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 Palestine, 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 Palestine, 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 Palestine, 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 Palestine, Texas offer numerous benefits for homebuyers. They provide a short-term financing solution to bridge the gap between the purchase of a new home and the sale of an existing one. This flexibility can help buyers secure their dream home without the stress of timing issues. Demographically, Palestine, Texas, is a diverse and vibrant community with a population of around 18,000. The city boasts a rich cultural heritage and a strong sense of community. Residents enjoy a high quality of life, affordable living costs, and a range of housing options. The housing market in Palestine, Texas, is favorable for buyers and sellers alike. With a median home price below the national average, it offers affordable housing options for individuals and families. Bridge loans can provide the necessary financial assistance to navigate this competitive market. Some main attractions in Palestine, Texas, include the historic Main Street district, the Texas State Railroad, and the vibrant arts and cultural scene. Residents and visitors alike can enjoy outdoor activities, local festivals, and a welcoming community atmosphere.
Bridge Loans Benefits in Palestine, Texas
