Get Approved at The Lowest Rate
Navigating the process of buying a new home in Bloomburg, 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 Bloomburg, TX or getting it ready for the market.
Identify the new home you want to buy in Bloomburg, 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 Bloomburg, 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 Bloomburg, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bloomburg, 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 Bloomburg, 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 Bloomburg, 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 Bloomburg, 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 Bloomburg, 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 a valuable solution for Bloomburg residents by providing short-term financing to bridge the gap between the purchase of a new home and the sale of an existing one. This allows homeowners to move quickly without being tied down by the sale of their current property. Bloomburg, Texas, with a population of approximately 400 residents, offers a close-knit community atmosphere ideal for families and individuals seeking a peaceful retreat. The town boasts a diverse demographic with a mix of age groups, creating a vibrant and welcoming environment. The housing market in Bloomburg presents a mix of historic and modern homes, catering to various preferences. With the median home price below the national average, the town provides an affordable living option without compromising on quality or amenities. Despite its small size, Bloomburg has several main attractions that draw visitors and residents alike. The nearby Caddo Lake State Park offers opportunities for outdoor activities such as hiking, fishing, and birdwatching, while the local eateries provide a taste of authentic Texan cuisine.
Benefits of Bridge Loans in Bloomburg, Texas
