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Navigating the process of buying a new home in Lamesa, 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 Lamesa, TX or getting it ready for the market.
Identify the new home you want to buy in Lamesa, 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 Lamesa, 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 Lamesa, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lamesa, 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 Lamesa, 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 Lamesa, 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 Lamesa, 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 Lamesa, 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 Lamesa, Texas offer a convenient financial solution for individuals looking to purchase a new home before selling their current one. This type of loan provides the flexibility to make a competitive offer on a new property without the constraints of waiting for the sale of the existing home. Lamesa, Texas, has a diverse demographic profile, with a mix of families, young professionals, and retirees. The community is known for its friendly small-town atmosphere and strong sense of community. The cost of living in Lamesa is relatively affordable compared to larger cities, making it an attractive option for those looking to settle down in a welcoming environment. The housing market in Lamesa, Texas, is stable, offering a range of options from single-family homes to townhouses and condos. The median home price is competitive, making it an ideal location for first-time homebuyers as well as those looking to upgrade to a larger property. With the help of bridge loans, buyers can navigate the market with more ease and confidence. Lamesa boasts several main attractions, including the Dal Paso Museum which showcases the area's history, and the Birdsong Peanuts Company where visitors can learn about the local peanut farming industry. The city also hosts various community events throughout the year, providing residents with opportunities to connect and engage with one another.
Benefits of Bridge Loans in Lamesa, Texas
