Get Approved at The Lowest Rate
Navigating the process of buying a new home in Selman City, 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 Selman City, TX or getting it ready for the market.
Identify the new home you want to buy in Selman City, 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 Selman City, 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 Selman City, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Selman City, 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 Selman City, 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 Selman City, 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 Selman City, 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 Selman City, 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 Selman City, Texas offer quick access to funds for homebuyers, allowing them to secure a new property while awaiting the sale of their existing home. This can prevent missed opportunities and provide flexibility in the buying process. Demographically, Selman City is a small, close-knit community with a population of about 375 residents. The town boasts a diverse mix of families and professionals, creating a welcoming environment for new residents seeking a peaceful yet engaging lifestyle. In terms of the housing market, Selman City offers a range of properties from modest single-family homes to spacious ranch-style estates. The market is stable, with steady appreciation rates, making it an attractive location for both first-time homebuyers and seasoned investors. Some of the main attractions in Selman City include its beautiful parks and outdoor recreational areas, perfect for nature lovers and outdoor enthusiasts. Additionally, the town hosts community events and local shops that contribute to its vibrant and charming atmosphere.
Benefits of Bridge Loans in Selman City, Texas
