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Navigating the process of buying a new home in Powell, 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 Powell, TX or getting it ready for the market.
Identify the new home you want to buy in Powell, 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 Powell, 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 Powell, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Powell, 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 Powell, 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 Powell, 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 Powell, 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 Powell, 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 Powell, Texas offer numerous advantages to homeowners. They provide a short-term financing solution to bridge the gap between the purchase of a new home and the sale of the current one. This can help avoid the stress of timing constraints and allow for a smoother transition between properties. Demographics in Powell, Texas reveal a charming rural community with a population that enjoys small-town living. The area boasts a strong sense of community, with local events and gatherings that bring residents together. Powell is characterized by a mix of families, retirees, and young professionals, creating a diverse and welcoming neighborhood. The housing market in Powell, Texas is currently showing steady growth, making it an attractive location for homeowners and investors alike. With a range of housing options from historic homes to modern developments, there is something to suit every taste and budget. Powell's real estate market offers opportunities for both buyers and sellers, with competitive prices and a strong demand for properties. Main Attractions in Powell, Texas Powell, Texas is home to several main attractions that showcase its unique charm. The local parks and recreational areas provide opportunities for outdoor activities such as hiking, fishing, and picnicking. The town also features a variety of dining options, shops, and cultural venues that highlight its rich history and community spirit.
Benefits of Bridge Loans in Powell, Texas
