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Navigating the process of buying a new home in Pilot Point, 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 Pilot Point, TX or getting it ready for the market.
Identify the new home you want to buy in Pilot Point, 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 Pilot Point, 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 Pilot Point, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pilot Point, 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 Pilot Point, 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 Pilot Point, 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 Pilot Point, 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 Pilot Point, 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 Pilot Point, Texas, offer several advantages. These short-term loans help bridge the financial gap between buying a new home before selling the current one. They provide flexibility, allowing homeowners to move quickly without waiting for their existing property to sell. Bridge loans also offer competitive interest rates compared to other financing options. Pilot Point, Texas, is a charming town with a diverse demographic mix. With a population of around 4,000, the town offers a mix of suburban and rural living. The median age is 40, and the median household income is approximately $58,000. The town has a strong sense of community, making it an ideal place to raise a family. The housing market in Pilot Point is robust, offering a range of options for buyers and sellers. The median home value is around $250,000, with a steady appreciation rate. The market is competitive but stable, with a good balance of supply and demand. Bridge loans can help buyers secure their dream home in this dynamic market. Some of the main attractions in Pilot Point include the historic downtown area, which features quaint shops and restaurants. The town is also known for its equestrian culture, with many horse farms and events. Outdoor enthusiasts can enjoy the nearby Lake Ray Roberts State Park for hiking, fishing, and boating.
Benefits of Bridge Loans in Pilot Point, Texas
