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Navigating the process of buying a new home in Panhandle, 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 Panhandle, TX or getting it ready for the market.
Identify the new home you want to buy in Panhandle, 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 Panhandle, 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 Panhandle, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Panhandle, 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 Panhandle, 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 Panhandle, 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 Panhandle, 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 Panhandle, 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 Panhandle, Texas offer a flexible financing option for individuals looking to purchase a new home before selling their current one. This allows for a smoother transition without the stress of a tight timeline. As for demographics, Panhandle, Texas, is a charming small town with a population of approximately 2,400 residents. The town has a close-knit community feel, making it a desirable place to live for families and retirees alike. In terms of the housing market, Panhandle offers a mix of historic homes and newer developments. The market is stable, with property values steadily increasing over the years, making it a sound investment for homebuyers. Some main attractions in Panhandle include the Panhandle-Plains Historical Museum, which showcases the region's rich history, and the picturesque Palo Duro Canyon State Park, perfect for outdoor enthusiasts and nature lovers.
Benefits of Bridge Loans in Panhandle, Texas
