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Navigating the process of buying a new home in Palo Pinto, 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 Palo Pinto, TX or getting it ready for the market.
Identify the new home you want to buy in Palo Pinto, 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 Palo Pinto, 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 Palo Pinto, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Palo Pinto, 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 Palo Pinto, 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 Palo Pinto, 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 Palo Pinto, 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 Palo Pinto, 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!
Benefits of Bridge Loans: Bridge loans provide a short-term financing solution for homebuyers, allowing them to purchase a new home before selling their existing one. This can help avoid the risk of owning two properties simultaneously and provide flexibility in the transition period. Demographics: Palo Pinto, Texas, has a diverse population with a mix of families, young professionals, and retirees. The community values its small-town charm, friendly atmosphere, and proximity to outdoor recreational activities. Housing Market: The housing market in Palo Pinto offers a range of options from historic homes to newly constructed properties. The median home price is affordable compared to nearby cities, making it an attractive location for first-time buyers and investors. Main Attractions: Palo Pinto is known for its scenic beauty, including Possum Kingdom Lake, a popular spot for fishing and water sports. The area also boasts hiking trails, golf courses, and unique local shops and restaurants, making it a vibrant and welcoming community.
Bridge Loans in Palo Pinto, Texas
