Get Approved at The Lowest Rate
Navigating the process of buying a new home in Pennington, 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 Pennington, TX or getting it ready for the market.
Identify the new home you want to buy in Pennington, 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 Pennington, 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 Pennington, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pennington, 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 Pennington, 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 Pennington, 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 Pennington, 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 Pennington, 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 offer a convenient solution for homebuyers in Pennington, Texas, allowing them to purchase a new home before selling their existing one. This flexible financing option helps bridge the gap between the purchase of a new home and the sale of the current one, avoiding the need to wait for the sale to finalize. Pennington, Texas, is a vibrant community with a diverse population. The town has a strong sense of community and offers a range of amenities such as parks, restaurants, and shops. With a mix of suburban and rural areas, Pennington provides residents with a peaceful environment while still being close to larger cities for work and leisure. The housing market in Pennington, Texas, is competitive yet affordable. The town offers a variety of housing options, from single-family homes to townhouses and apartments. The market is stable, making it an attractive location for both first-time homebuyers and those looking to invest in real estate.
Benefits of Bridge Loans in Pennington, Texas
