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Navigating the process of buying a new home in Covington, 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 Covington, TX or getting it ready for the market.
Identify the new home you want to buy in Covington, 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 Covington, 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 Covington, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Covington, 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 Covington, 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 Covington, 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 Covington, 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 Covington, 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 Covington, Texas offer a unique financing solution for individuals looking to purchase a new home before selling their current property. These loans provide a short-term option to bridge the gap between buying a new home and selling the old one. Demographics in Covington, Texas show a close-knit community with a population that values small-town living. The town boasts a mix of families and retirees, creating a friendly and welcoming atmosphere for residents. The housing market in Covington, Texas is characterized by a range of property options, from historic homes to newer developments. With the help of bridge loans, buyers can take advantage of the diverse housing options available in the area. Main Attractions in Covington, Texas:
Benefits of Bridge Loans in Covington, Texas
