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Navigating the process of buying a new home in Prairie Hill, 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 Prairie Hill, TX or getting it ready for the market.
Identify the new home you want to buy in Prairie Hill, 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 Prairie Hill, 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 Prairie Hill, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Prairie Hill, 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 Prairie Hill, 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 Prairie Hill, 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 Prairie Hill, 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 Prairie Hill, 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!
Benefits of Bridge Loans: Bridge loans in Prairie Hill, Texas offer a convenient short-term financing solution for homeowners looking to purchase a new property before selling their existing one. They provide flexibility, quick processing, and can help avoid the stress of timing mismatches between buying and selling. Demographics: Prairie Hill, Texas, is a small rural community with a population of around 500 residents. The area is known for its close-knit community, low crime rates, and family-friendly atmosphere. The majority of residents are employed in agriculture, education, and healthcare sectors. Housing Market: The housing market in Prairie Hill offers a mix of historic homes, ranch-style properties, and new developments. The median home price is affordable, making it an attractive option for first-time homebuyers and those looking for a peaceful rural setting. With the growing demand for housing in the region, property values have been steadily increasing. Main Attractions: Prairie Hill boasts scenic countryside views, offering outdoor enthusiasts opportunities for hiking, fishing, and bird-watching. The community also hosts annual events like farmers' markets, festivals, and parades, showcasing its rich cultural heritage and strong sense of community.
Bridge Loans in Prairie Hill, Texas
