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Navigating the process of buying a new home in Plainview, 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 Plainview, TX or getting it ready for the market.
Identify the new home you want to buy in Plainview, 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 Plainview, 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 Plainview, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Plainview, 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 Plainview, 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 Plainview, 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 Plainview, 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 Plainview, 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 Plainview, Texas offer a convenient financing option for individuals looking to purchase a new property before selling their existing one. These loans provide quick access to funds, enabling buyers to bridge the gap between the sale of their current home and the purchase of a new one. Demographics Plainview, Texas, is a vibrant community with a diverse population. The city is home to a mix of professionals, families, and retirees. The median age in Plainview is around 33 years old, and the cost of living is relatively affordable compared to other parts of Texas. Housing Market The housing market in Plainview, Texas, is characterized by a variety of property types, including single-family homes, townhouses, and apartments. The market is stable, with moderate price appreciation and a healthy inventory of homes for sale. Bridge loans can help buyers take advantage of market opportunities and secure their desired property. Main Attractions Plainview offers a range of attractions for residents and visitors alike. From the beautiful Running Water Draw Park to the fascinating Llano Estacado Museum, there is something for everyone to enjoy. The city also boasts a thriving arts and culinary scene, making it a great place to live and visit.
Benefits of Bridge Loans in Plainview, Texas
