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Navigating the process of buying a new home in Prairie Lea, 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 Lea, TX or getting it ready for the market.
Identify the new home you want to buy in Prairie Lea, 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 Lea, 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 Lea, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Prairie Lea, 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 Lea, 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 Lea, 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 Lea, 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 Lea, 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 Lea, Texas offer flexible financing options for individuals looking to purchase a new home before selling their current one. These loans provide quick access to funds, allowing buyers to secure their new property without delays. Demographics: Prairie Lea, Texas, is a small rural town located in Caldwell County with a population of approximately X residents. The community is known for its tight-knit community spirit and welcoming atmosphere, making it an ideal place to call home. Housing Market: The housing market in Prairie Lea offers a mix of historic properties and modern homes, catering to a variety of tastes and budgets. The median home price is $X, presenting affordable options for both first-time buyers and seasoned investors. Main Attractions: Prairie Lea is surrounded by beautiful natural landscapes, including the San Marcos River and Palmetto State Park, offering residents opportunities for outdoor recreation and leisure. The town is also known for its charming downtown area with local shops, restaurants, and cultural events.
Bridge Loans in Prairie Lea, Texas
