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Navigating the process of buying a new home in Petersburg, 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 Petersburg, TX or getting it ready for the market.
Identify the new home you want to buy in Petersburg, 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 Petersburg, 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 Petersburg, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Petersburg, 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 Petersburg, 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 Petersburg, 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 Petersburg, 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 Petersburg, 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 Petersburg, Texas offer numerous benefits for individuals and families looking to buy a new home before selling their existing one. These short-term loans provide quick access to funds, allowing buyers to secure their new property without waiting for their current home to sell. This can give them a competitive advantage in a fast-paced real estate market. Demographics: Petersburg, Texas has a diverse population mix, including young families, professionals, and retirees. The town offers a welcoming community atmosphere and a range of amenities for residents of all ages. With a growing economy and employment opportunities, Petersburg is an attractive location for individuals looking to settle down. Housing Market: The housing market in Petersburg, Texas is dynamic, with a mix of traditional single-family homes and new developments. Bridge loans can help buyers take advantage of favorable market conditions and secure their dream home quickly. Additionally, these loans can provide flexibility in negotiations and closing timelines. Main Attractions: Petersburg, Texas boasts a variety of attractions, including parks, local shops, and restaurants. The town's proximity to natural landscapes and outdoor activities makes it an ideal location for nature enthusiasts. Residents can enjoy a tranquil lifestyle while still having access to urban conveniences.
Benefits of Bridge Loans in Petersburg, Texas
