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Navigating the process of buying a new home in Perryton, 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 Perryton, TX or getting it ready for the market.
Identify the new home you want to buy in Perryton, 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 Perryton, 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 Perryton, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Perryton, 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 Perryton, 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 Perryton, 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 Perryton, 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 Perryton, 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 Perryton, Texas offer numerous advantages to homeowners and investors. These short-term loans provide quick access to funds to bridge the gap between the purchase of a new property and the sale of an existing one. They are ideal for those in need of immediate financing without waiting for their current property to sell. Demographics: Perryton, Texas, is a vibrant city with a population of approximately 10,000 residents. The community is diverse, with a mix of young families, professionals, and retirees. The city has a strong sense of community spirit and offers a range of amenities for residents of all ages. Housing Market: The housing market in Perryton is robust, with a range of options for buyers and investors. The city offers a mix of single-family homes, townhouses, and condominiums at various price points. The market is stable, making it an attractive location for those looking to buy or sell property. Main Attractions: Perryton boasts a variety of attractions for residents and visitors alike. The city is home to beautiful parks, hiking trails, and recreational facilities. Additionally, Perryton is known for its vibrant arts and culture scene, with museums, galleries, and theaters to explore.
Benefits of Bridge Loans in Perryton, Texas