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Navigating the process of buying a new home in Pecos, 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 Pecos, TX or getting it ready for the market.
Identify the new home you want to buy in Pecos, 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 Pecos, 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 Pecos, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pecos, 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 Pecos, 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 Pecos, 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 Pecos, 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 Pecos, 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!
1. Quick access to funds for purchasing a new home before selling the current one. 2. Flexibility in repayment terms, offering temporary financial relief. 3. Bridge loans can help secure a competitive offer on a new property without delays. Pecos, Texas, has a diverse population with a mix of cultures, including Hispanic, White, and Native American residents. The city has a strong sense of community and pride in its Western heritage. The housing market in Pecos, Texas, offers a range of housing options, from historic homes to modern developments. With affordable prices and a growing economy, Pecos is an attractive location for both families and young professionals. Pecos is known for its rich history, including the Pecos Museum, which showcases artifacts from the area's past. The city also offers outdoor activities such as hiking in the nearby mountains and fishing in the Pecos River.
Benefits of Bridge Loans in Pecos, Texas
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