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Navigating the process of buying a new home in Texhoma, 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 Texhoma, TX or getting it ready for the market.
Identify the new home you want to buy in Texhoma, 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 Texhoma, 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 Texhoma, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Texhoma, 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 Texhoma, 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 Texhoma, 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 Texhoma, 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 Texhoma, 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 Texhoma, Texas offer numerous benefits to homebuyers and sellers. These short-term loans provide quick access to funds, allowing buyers to secure a new home before selling their current one. This helps prevent the stress of dealing with two mortgages simultaneously. Demographically, Texhoma, Texas, is a diverse community with a mix of young families, professionals, and retirees. The town has a strong sense of community and offers a range of amenities, including parks, schools, and shopping centers, making it an attractive place to live and raise a family. The housing market in Texhoma, Texas, is vibrant and diverse, with a mix of traditional single-family homes, modern condos, and luxurious estates. The market is relatively stable, offering a variety of options for buyers and sellers. Bridge loans can provide the financial flexibility needed in a competitive market. Some of the main attractions in Texhoma include Lake Texhoma, a popular spot for boating and fishing, as well as local parks and recreational facilities. The town also hosts community events and festivals throughout the year, fostering a strong sense of camaraderie among residents.
Benefits of Bridge Loans in Texhoma, Texas
