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Navigating the process of buying a new home in Pyote, 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 Pyote, TX or getting it ready for the market.
Identify the new home you want to buy in Pyote, 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 Pyote, 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 Pyote, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pyote, 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 Pyote, 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 Pyote, 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 Pyote, 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 Pyote, 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 Pyote, Texas offer a valuable financing solution for homeowners looking to purchase a new home before selling their existing one. These loans bridge the gap between the sale of the old property and the purchase of a new one, providing flexibility and convenience. Demographically, Pyote is a charming small town in Ward County, Texas, with a population of around 1142 residents. The community boasts a friendly and welcoming atmosphere, ideal for families and individuals seeking a peaceful living environment. Pyote's housing market is characterized by a mix of historic homes and modern developments, catering to diverse preferences. The real estate market in Pyote is relatively stable, with a good balance of supply and demand, making it an attractive location for potential homebuyers. Main attractions in Pyote include the famous Pyote Ghost Town, where visitors can explore the remnants of a once-thriving oil town. Additionally, the local parks and outdoor recreational areas provide residents with opportunities for hiking, picnicking, and enjoying the natural beauty of the area.
Benefits of Bridge Loans in Pyote, Texas
