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Navigating the process of buying a new home in Pendleton, 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 Pendleton, TX or getting it ready for the market.
Identify the new home you want to buy in Pendleton, 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 Pendleton, 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 Pendleton, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pendleton, 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 Pendleton, 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 Pendleton, 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 Pendleton, 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 Pendleton, 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 provide a valuable financing option for residents in Pendleton, Texas. These loans offer a short-term solution to cover the down payment for a new home before selling the current one. This can prevent the need for contingencies in real estate transactions and help buyers secure their dream home. Pendleton, Texas, has a diverse population, with a mix of young families and retirees. The town is known for its friendly community atmosphere and strong sense of local pride. Residents enjoy a peaceful lifestyle while still having access to nearby cities like Waco for additional amenities. The housing market in Pendleton is stable, with a range of single-family homes and rural properties available. The median home price is affordable compared to larger urban areas, making it an attractive location for first-time homebuyers and those looking to downsize. Bridge loans can help expedite the home buying process in this competitive market.
Benefits of Bridge Loans in Pendleton, Texas
