Get Approved at The Lowest Rate
Navigating the process of buying a new home in Big Lake, 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 Big Lake, TX or getting it ready for the market.
Identify the new home you want to buy in Big Lake, 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 Big Lake, 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 Big Lake, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Big Lake, 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 Big Lake, 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 Big Lake, 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 Big Lake, 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 Big Lake, 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 Big Lake, Texas offer a valuable financial solution for individuals looking to purchase a new home before selling their current one. These short-term loans provide flexibility and convenience by covering the down payment and closing costs of the new property. Demographics in Big Lake, Texas show a vibrant community with a population of approximately 3,500 residents. The town boasts a diverse mix of individuals, including families, young professionals, and retirees, creating a unique and welcoming environment. The housing market in Big Lake, Texas is characterized by steady growth and affordable prices. With a variety of single-family homes and spacious properties available, prospective buyers can find their dream home without breaking the bank. Main attractions in Big Lake, Texas include the beautiful Reagan County Park, perfect for outdoor enthusiasts and families looking to enjoy picnics and recreational activities. The local Big Lake State Park also offers opportunities for fishing, boating, and camping, making it an ideal destination for nature lovers.
Benefits of Bridge Loans in Big Lake, Texas
