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Navigating the process of buying a new home in Florence, 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 Florence, TX or getting it ready for the market.
Identify the new home you want to buy in Florence, 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 Florence, 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 Florence, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Florence, 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 Florence, 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 Florence, 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 Florence, 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 Florence, 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 numerous benefits to homeowners in Florence, Texas. These short-term loans provide quick financing for individuals looking to purchase a new home before selling their current one. By bridging the gap between the sale of the existing property and the purchase of a new one, homeowners can avoid missing out on their dream home. Demographically, Florence is a charming town located in Williamson County, Texas. With a population of approximately 1,136 residents, Florence offers a tight-knit community feel with a median household income of $52,500. The town is known for its historical sites, friendly locals, and peaceful surroundings. In terms of the housing market, Florence, Texas, presents a mix of affordable and mid-range homes. The average home price in the area is around $250,000, making it an attractive option for first-time buyers and families. Bridge loans can be especially beneficial in this market by enabling buyers to act quickly when they find a home they love, without waiting for their current home to sell. Main attractions in Florence include the historic Williamson County Museum, where visitors can learn about the town's rich history, as well as the beautiful Vineyard at Florence, a popular spot for wine enthusiasts. Additionally, the nearby Florence City Park offers recreational activities for residents of all ages.
The Benefits of Bridge Loans in Florence, Texas
