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Navigating the process of buying a new home in Pottsboro, 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 Pottsboro, TX or getting it ready for the market.
Identify the new home you want to buy in Pottsboro, 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 Pottsboro, 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 Pottsboro, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pottsboro, 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 Pottsboro, 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 Pottsboro, 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 Pottsboro, 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 Pottsboro, 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 Pottsboro, Texas offer significant benefits for both buyers and sellers. These short-term loans provide the flexibility needed to secure a new home before selling an existing one, allowing for seamless transitions without the stress of timing constraints. Additionally, bridge loans eliminate the need for contingent offers, making buyers more competitive in a fast-moving market. Demographics in Pottsboro, Texas show a vibrant and diverse community. With a population of around 2,500 residents, the town boasts a mix of families, retirees, and young professionals. The median household income is above the national average, reflecting a financially stable population that values homeownership and community involvement. The housing market in Pottsboro, Texas is robust and sought after. With a variety of property types ranging from cozy single-family homes to sprawling estates, there is something for everyone in this picturesque town. Home prices have been steadily increasing, making it an attractive location for both investors and those looking for a tranquil retreat. Pottsboro, Texas is home to several main attractions that draw visitors and residents alike. Lake Texoma, a popular recreational spot, offers boating, fishing, and camping opportunities. The historic downtown area features charming shops and restaurants, perfect for a leisurely afternoon stroll. Outdoor enthusiasts can explore the nearby Hagerman National Wildlife Refuge for a glimpse of local wildlife and natural beauty.
Benefits of Bridge Loans in Pottsboro, Texas
