Get Approved at The Lowest Rate
Navigating the process of buying a new home in Artesia Wells, 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 Artesia Wells, TX or getting it ready for the market.
Identify the new home you want to buy in Artesia Wells, 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 Artesia Wells, 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 Artesia Wells, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Artesia Wells, 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 Artesia Wells, 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 Artesia Wells, 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 Artesia Wells, 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 Artesia Wells, 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 quick financing solutions for individuals looking to buy a new home before selling their existing one in Artesia Wells, Texas. These loans provide temporary funds to cover the down payment or purchase price until the old property sells, preventing the need for a contingent offer. Demographics in Artesia Wells, Texas, show a diverse population with a mix of young professionals and families. The area boasts a median household income above the state average, with a strong job market. Bridge loans cater to this demographic by offering flexibility and speed in real estate transactions. The housing market in Artesia Wells, Texas, is competitive, with a range of properties available for sale. Bridge loans can give buyers a competitive edge by securing financing quickly and allowing them to make attractive non-contingent offers, which are favored in a fast-paced market like Artesia Wells. Artesia Wells, Texas, features various attractions such as the picturesque Artesia Springs, known for its natural beauty and water activities. The area also offers hiking trails, local restaurants serving authentic Texan cuisine, and a vibrant community perfect for families and outdoor enthusiasts.
Benefits of Bridge Loans in Artesia Wells, Texas
