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Navigating the process of buying a new home in Peggy, 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 Peggy, TX or getting it ready for the market.
Identify the new home you want to buy in Peggy, 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 Peggy, 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 Peggy, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Peggy, 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 Peggy, 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 Peggy, 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 Peggy, 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 Peggy, 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 Peggy, Texas offer a quick and convenient financing solution for homeowners who are looking to purchase a new home before selling their current one. This type of loan can help bridge the gap between the sale of the existing property and the purchase of a new one, providing financial flexibility and peace of mind during the transition. Demographics Peggy, Texas, is a small town with a close-knit community. The population is diverse, including families, young professionals, and retirees. The town has a rich history and a strong sense of community pride, making it an attractive place to live for people of all ages. Housing Market The housing market in Peggy, Texas, is dynamic and offers a range of options for potential buyers. From cozy historic homes to modern developments, there is something for everyone. The market is stable, with steady appreciation rates, making it a sound investment for homebuyers. Main Attractions Peggy, Texas, boasts scenic parks, charming local shops, and delicious dining options. The town's proximity to nature makes it a great destination for outdoor enthusiasts, with hiking trails, fishing spots, and more. Additionally, Peggy has a strong sense of community, with regular events and festivals that bring residents together.
Benefits of Bridge Loans in Peggy, Texas
