Get Approved at The Lowest Rate
Navigating the process of buying a new home in Ballinger, 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 Ballinger, TX or getting it ready for the market.
Identify the new home you want to buy in Ballinger, 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 Ballinger, 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 Ballinger, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ballinger, 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 Ballinger, 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 Ballinger, 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 Ballinger, 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 Ballinger, 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 Ballinger, Texas offer numerous benefits for individuals looking to buy a new home before selling their existing one. These loans provide quick access to funds, allowing buyers to secure a new property without having to wait for their old home to sell. This eliminates the need for contingency offers and can give buyers a competitive edge in a hot real estate market. Demographically, Ballinger is a small town in West Texas with a population of around 3,800 residents. The community is known for its strong sense of community and friendly atmosphere. The town has a mix of young families, retirees, and professionals, making it a diverse and welcoming place to live. In terms of the housing market, Ballinger offers affordable real estate options compared to larger cities in Texas. The town has a range of housing styles, from historic homes to modern builds, catering to various preferences. Bridge loans can help buyers take advantage of these options while managing the transition between properties. Ballinger boasts several main attractions, including the picturesque Colorado River, ideal for outdoor activities like fishing and kayaking. The town also has local shops, restaurants, and parks for residents to enjoy. Additionally, Ballinger's close-knit community and small-town charm contribute to its appeal for those seeking a relaxed and welcoming environment.
Benefits of Bridge Loans in Ballinger, Texas
