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Navigating the process of buying a new home in Priddy, 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 Priddy, TX or getting it ready for the market.
Identify the new home you want to buy in Priddy, 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 Priddy, 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 Priddy, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Priddy, 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 Priddy, 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 Priddy, 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 Priddy, 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 Priddy, 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 offer flexibility by providing short-term financing to bridge the gap between the purchase of a new property and the sale of an existing one, making it easier for residents in Priddy, Texas to navigate real estate transactions seamlessly. Demographics Priddy, located in Mills County, Texas, has a small population of around 200 residents. The area boasts a tight-knit community, with a mix of families and retirees enjoying the serene rural setting. Housing Market Information The housing market in Priddy is characterized by a blend of historic homes and new construction, offering a range of options to potential buyers. Bridge loans can aid in securing a new home before a current property sells, a valuable asset in a competitive market. Main Attractions While small, Priddy has its appeals, including proximity to natural wonders like Lake Proctor, popular for fishing and camping. Additionally, the town's historic charm and friendly community make it an idyllic place to call home.
Benefits of Bridge Loans in Priddy, Texas
