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Navigating the process of buying a new home in Pep, 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 Pep, TX or getting it ready for the market.
Identify the new home you want to buy in Pep, 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 Pep, 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 Pep, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pep, 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 Pep, 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 Pep, 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 Pep, 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 Pep, 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 Pep, Texas offer a valuable financing solution for individuals looking to purchase a new home before selling their current one. These loans provide the flexibility to make a competitive offer on a new property without being contingent on the sale of the existing home. Demographics: Pep, Texas, is a small town with a close-knit community. The population is diverse, with a mix of families, retirees, and young professionals. The town prides itself on its strong sense of community and support for local businesses. Housing Market: The housing market in Pep, Texas, is stable with a mix of single-family homes and some multi-family units. The prices are reasonable compared to larger cities, making it an attractive option for first-time homebuyers and those looking for a peaceful suburban lifestyle. Main Attractions: While Pep is a small town, it offers a range of recreational activities for residents and visitors. The town has parks, hiking trails, and local eateries that showcase the charm of small-town living. Additionally, Pep is known for its annual community events that bring people together.
Benefits of Bridge Loans in Pep, Texas
