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Navigating the process of buying a new home in Proctor, 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 Proctor, TX or getting it ready for the market.
Identify the new home you want to buy in Proctor, 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 Proctor, 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 Proctor, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Proctor, 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 Proctor, 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 Proctor, 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 Proctor, 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 Proctor, 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 a valuable solution for homeowners in Proctor, Texas, providing flexibility when buying a new home before selling the current one. These loans bridge the financial gap, allowing individuals to make a down payment on a new property while awaiting the sale of their existing home. This benefit can be crucial in a competitive real estate market, giving buyers an edge. Proctor, Texas, is a charming small town with a population that values community and nature. The demographic is a mix of families and retirees looking for a peaceful place to call home. The area's low crime rates and excellent school districts make it an attractive location for families seeking a safe and nurturing environment. The housing market in Proctor is stable, with a variety of housing options available to suit different preferences and budgets. The median home price is affordable, making homeownership within reach for many residents. The real estate market in Proctor offers a good balance of investment potential and comfortable living, making it an appealing choice for homebuyers. While in Proctor, residents and visitors alike can enjoy the town's main attractions, such as the scenic Proctor Lake for outdoor recreational activities like fishing, boating, and camping. The town also boasts charming local eateries and shops that showcase the community's unique character, creating a warm and welcoming atmosphere for all.
Exploring Bridge Loans in Proctor, Texas
