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Navigating the process of buying a new home in Penwell, 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 Penwell, TX or getting it ready for the market.
Identify the new home you want to buy in Penwell, 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 Penwell, 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 Penwell, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Penwell, 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 Penwell, 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 Penwell, 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 Penwell, 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 Penwell, 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 Penwell, Texas offer valuable solutions for individuals looking to buy a new home before selling their current one. This financial tool provides immediate access to funds for a down payment, enabling a seamless transition between properties without the stress of timing constraints. Demographics in Penwell, Texas, depict a vibrant community with a population that values small-town living. With a mix of families and retirees, the town boasts a warm and welcoming atmosphere. Residents enjoy the tight-knit community feel and a range of local amenities. The housing market in Penwell, Texas, is dynamic, offering a diverse range of properties to suit various preferences and budgets. From cozy single-family homes to spacious ranch-style houses, the market caters to different needs. The area is experiencing steady growth, making it an attractive location for both buyers and investors. Penwell, Texas, is home to several main attractions that add to its charm. The town features beautiful parks, historical sites, and cultural venues that offer recreational and educational opportunities for residents and visitors alike. Whether exploring nature or learning about local history, there is something for everyone to enjoy in Penwell.
Benefits of Bridge Loans in Penwell, Texas
