Get Approved at The Lowest Rate
Navigating the process of buying a new home in Pontotoc, 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 Pontotoc, TX or getting it ready for the market.
Identify the new home you want to buy in Pontotoc, 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 Pontotoc, 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 Pontotoc, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pontotoc, 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 Pontotoc, 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 Pontotoc, 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 Pontotoc, 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 Pontotoc, 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 Pontotoc, Texas offer a valuable financial solution for individuals looking to bridge the gap between the purchase of a new home and the sale of their current property. These loans provide flexibility and quick access to funds, allowing borrowers to secure their new home without the stress of waiting for their existing property to sell. Demographics Pontotoc, Texas is a charming rural town with a population of approximately 1500 residents. The town boasts a strong sense of community and a low crime rate, making it an ideal place for families and retirees alike. The population is diverse, with a mix of age groups and backgrounds contributing to the town's vibrant culture. Housing Market The housing market in Pontotoc, Texas is stable and offers a range of options for homebuyers. With a mix of historic homes and newer developments, there is something for everyone in this quaint town. Bridge loans can be particularly beneficial in a competitive market, allowing buyers to move quickly on desirable properties. Main Attractions While Pontotoc may be small, it is rich in history and natural beauty. Visitors and residents can enjoy outdoor activities such as hiking, fishing, and picnicking in the nearby parks. The town also hosts annual events and festivals that showcase local talent and culture, creating a strong sense of community spirit.
The Benefits of Bridge Loans in Pontotoc, Texas
