Get Approved at The Lowest Rate
Navigating the process of buying a new home in Perrin, 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 Perrin, TX or getting it ready for the market.
Identify the new home you want to buy in Perrin, 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 Perrin, 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 Perrin, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Perrin, 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 Perrin, 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 Perrin, 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 Perrin, 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 Perrin, 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 strategic financial solution for individuals in Perrin, Texas, allowing them to seamlessly transition from one home to another without being burdened by the constraints of selling their current property first. This type of loan provides short-term financing, bridging the gap between the purchase of a new home and the sale of an existing one. It enables homeowners to quickly move into their new property and then repay the loan when their old house is sold, without having to worry about making two mortgage payments simultaneously. Demographics: Perrin, Texas, is a charming rural community with a population of approximately 300 residents. The town boasts a close-knit community feel, where neighbors often know each other by name. The majority of the population leans towards a more conservative lifestyle, valuing the tranquility and simplicity that small-town living offers. Housing Market: The housing market in Perrin, Texas, is characterized by a mix of historic homes and newly constructed properties. The real estate prices in the area are relatively affordable compared to nearby urban centers, making it an attractive location for those looking to invest in property. Bridge loans can facilitate the purchase of homes in Perrin, providing buyers with financial flexibility and a competitive edge in a moderately competitive market. Main Attractions: Perrin, Texas, may be a small town, but it is rich in natural beauty and outdoor recreational opportunities. Residents and visitors alike can enjoy exploring the picturesque Perrin Park, which offers hiking trails, picnic spots, and a serene environment for relaxation. The town is also home to the Perrin Air Force Base Museum, a popular attraction that showcases the history of aviation and military service in the area.
Benefits of Bridge Loans in Perrin, Texas
