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Navigating the process of buying a new home in Quail, 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 Quail, TX or getting it ready for the market.
Identify the new home you want to buy in Quail, 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 Quail, 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 Quail, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Quail, 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 Quail, 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 Quail, 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 Quail, 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 Quail, 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 Quail, Texas offer a flexible financing option for homebuyers. These short-term loans provide immediate capital to secure a new property before selling an existing one, avoiding the hassle of contingent offers. Demographics: Quail, Texas, is a charming rural community with a population of approximately 20,000 residents. The town boasts a tight-knit community feel, ideal for families and individuals seeking a peaceful lifestyle. Housing Market: Quail's housing market is competitive yet affordable, with a median home price of $200,000. Bridge loans can help buyers act quickly in this market, providing the necessary funds to secure a new home before their current one sells. Main Attractions: Quail offers a range of attractions, including the picturesque Quail Lake, perfect for fishing and relaxation. The town also features a historic downtown area with quaint shops and local eateries, making it a delightful place to explore.
Benefits of Bridge Loans in Quail, Texas
