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Navigating the process of buying a new home in De Leon, 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 De Leon, TX or getting it ready for the market.
Identify the new home you want to buy in De Leon, 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 De Leon, 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 De Leon, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in De Leon, 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 De Leon, 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 De Leon, 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 De Leon, 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 De Leon, 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 De Leon, Texas offer a quick and flexible financing option for individuals looking to purchase a new home before selling their existing one. This type of loan can help bridge the financial gap between the sale of your current home and the purchase of a new one, providing you with the necessary funds to make a smooth transition. De Leon, Texas, home to a population of approximately 2,433 residents, boasts a diverse community with a mix of different age groups. The town offers a tranquil and close-knit living environment, making it an ideal place for families and retirees alike. With a low crime rate and strong sense of community, De Leon provides a safe and welcoming atmosphere for its residents. The housing market in De Leon, Texas, is characterized by a range of property types, including single-family homes, farms, and ranches. The median home value in De Leon is $96,000, making it an affordable option for those looking to invest in real estate. The market is stable, with steady appreciation rates, making it a lucrative opportunity for potential buyers and investors. Some main attractions in De Leon include the De Leon Peach and Melon Festival, a popular annual event celebrating the town's agricultural heritage. Additionally, residents can enjoy outdoor activities at Lake Leon, a scenic spot for fishing, boating, and picnicking. The town also offers charming local shops and restaurants, providing a vibrant and enriching community experience.
Benefits of Bridge Loans in De Leon, Texas