Get Approved at The Lowest Rate
Navigating the process of buying a new home in Ponder, 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 Ponder, TX or getting it ready for the market.
Identify the new home you want to buy in Ponder, 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 Ponder, 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 Ponder, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ponder, 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 Ponder, 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 Ponder, 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 Ponder, 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 Ponder, 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 Ponder, Texas offer homeowners the flexibility to purchase a new home before selling their current one. This enables smoother transitions without having to worry about temporary housing arrangements or rushing the selling process. Demographically, Ponder is a small town in Texas with a population of around 1,400 people. The community is close-knit, and residents enjoy a peaceful rural lifestyle while still having access to nearby cities like Denton for work and entertainment. The housing market in Ponder is currently stable with a mix of traditional single-family homes and newer developments. Bridge loans can be particularly beneficial in this market as they help facilitate quicker home purchases, allowing residents to take advantage of favorable interest rates and investment opportunities. Ponder, Texas, is known for its scenic beauty and outdoor recreational activities. The town is close to Lake Ray Roberts State Park, offering residents opportunities for boating, fishing, and hiking. Additionally, Ponder is home to charming local shops and restaurants that attract visitors from neighboring areas.
Benefits of Bridge Loans in Ponder, Texas
