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Navigating the process of buying a new home in Plains, 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 Plains, TX or getting it ready for the market.
Identify the new home you want to buy in Plains, 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 Plains, 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 Plains, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Plains, 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 Plains, 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 Plains, 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 Plains, 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 Plains, 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 Plains, Texas offer several benefits to homebuyers and sellers. Firstly, they provide short-term financing that can help bridge the gap between the purchase of a new home and the sale of an existing one. This can be especially useful in competitive real estate markets where quick transactions are necessary. Demographically, Plains, Texas, is a small town with a tight-knit community. The population is around 1,500 people, making it a peaceful and quiet place to reside. The town has a diverse mix of residents, including families, young professionals, and retirees, creating a welcoming environment for all. In terms of the housing market, Plains, Texas, offers affordable options for both buyers and renters. The median home price is below the national average, making it an attractive location for first-time homebuyers. The market is stable, with steady appreciation rates over the years. Main attractions in Plains, Texas, include the Yoakum County Park, where residents can enjoy outdoor activities such as hiking and picnicking. The town also has several local eateries and shops, providing a sense of community and convenience to its residents.
Benefits of Bridge Loans in Plains, Texas
