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Navigating the process of buying a new home in Palmer, 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 Palmer, TX or getting it ready for the market.
Identify the new home you want to buy in Palmer, 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 Palmer, 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 Palmer, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Palmer, 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 Palmer, 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 Palmer, 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 Palmer, 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 Palmer, 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 Palmer, Texas offer numerous benefits. These short-term loans provide quick access to funds, allowing borrowers to bridge the gap between the purchase of a new home and the sale of their existing property. This flexibility can be especially beneficial in competitive real estate markets, enabling buyers to make strong offers without having to wait for their current home to sell. Palmers, Texas, a small town with a population of around 2,000, boasts a rich history and a tight-knit community. The town's demographics include a mix of families, young professionals, and retirees, creating a diverse and welcoming atmosphere. Palmer's proximity to major cities like Dallas makes it an attractive location for those seeking a quieter pace of life without sacrificing access to urban amenities. The housing market in Palmer, Texas, offers a range of options to suit different budgets and preferences. From charming historic homes to modern developments, there is something for everyone in this picturesque town. The average home price in Palmer is affordable compared to neighboring areas, making it an ideal choice for first-time buyers or those looking to invest in a growing market. While Palmer, Texas, may be small, it is big on charm and attractions. The town is home to quaint shops, local restaurants, and scenic parks, offering residents plenty of opportunities for leisure and recreation. The nearby Cedar Creek Lake provides additional recreational options, including boating, fishing, and hiking, making Palmer a great place to live for nature enthusiasts and outdoor lovers.
Benefits of Bridge Loans in Palmer, Texas
