Get Approved at The Lowest Rate
Navigating the process of buying a new home in Petrolia, 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 Petrolia, TX or getting it ready for the market.
Identify the new home you want to buy in Petrolia, 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 Petrolia, 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 Petrolia, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Petrolia, 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 Petrolia, 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 Petrolia, 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 Petrolia, 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 Petrolia, 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 residents of Petrolia, Texas, a crucial financial tool that allows them to bridge the gap between the purchase of a new property and the sale of their existing one. This enables homeowners to secure their dream home without being burdened by the constraint of a contingency offer. Demographically, Petrolia is a charming small town located in Clay County, characterized by a close-knit community with a population of approximately 686 residents. The town boasts a peaceful and family-friendly environment, making it an ideal place for individuals looking to settle down in a tight-knit community. In terms of the housing market, Petrolia offers a diverse range of housing options, including single-family homes, ranch-style properties, and spacious lots ideal for building custom homes. The housing market in Petrolia is relatively stable, with property values steadily appreciating over the years, making it a sound investment for homeowners. Main attractions in Petrolia include the historic Petrolia City Hall, the scenic Petrolia Park with its recreational facilities, and the nearby Red River, offering residents ample opportunities for outdoor activities such as fishing, hiking, and boating.
The Benefits of Bridge Loans in Petrolia, Texas
