Get Approved at The Lowest Rate
Navigating the process of buying a new home in Plum, 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 Plum, TX or getting it ready for the market.
Identify the new home you want to buy in Plum, 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 Plum, 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 Plum, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Plum, 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 Plum, 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 Plum, 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 Plum, 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 Plum, 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 Plum, Texas offer a convenient financing solution for homebuyers who need to purchase a new home before selling their existing one. They provide immediate funds to bridge the financial gap, allowing homeowners to secure their new property without waiting for their current home to sell. This flexibility can be crucial in competitive real estate markets, enabling buyers to act quickly and confidently. Demographics: Plum, Texas, has a diverse population with a mix of families, young professionals, and retirees. The community is known for its friendly atmosphere and strong sense of community spirit. The town's demographics reflect a mix of cultural backgrounds, creating a vibrant and welcoming environment for residents. Housing Market: Plum, Texas, boasts a stable housing market with a range of residential properties available to suit different preferences and budgets. The market offers a mix of single-family homes, townhouses, and apartments, catering to various needs. With competitive prices and favorable interest rates, Plum presents a great opportunity for both first-time buyers and seasoned investors. Main Attractions: Plum, Texas, is rich in attractions, including scenic parks, local eateries serving up regional cuisine, and cultural landmarks celebrating the town's history. Residents can enjoy outdoor activities, community events, and a close-knit neighborhood vibe that makes Plum a desirable place to call home.
The Benefits of Bridge Loans in Plum, Texas
