Get Approved at The Lowest Rate
Navigating the process of buying a new home in Lampasas, 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 Lampasas, TX or getting it ready for the market.
Identify the new home you want to buy in Lampasas, 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 Lampasas, 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 Lampasas, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lampasas, 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 Lampasas, 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 Lampasas, 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 Lampasas, 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 Lampasas, 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 Lampasas, Texas offer a valuable option for homeowners who are looking to buy a new property before selling their current one. These loans provide the necessary funds to purchase a new home and are typically short-term, ranging from 6 months to 3 years. The main advantage is the ability to secure the new property quickly without having to wait for the sale of the old one. Demographics in Lampasas, Texas showcase a population of approximately 7,000 residents. The town is known for its friendly community atmosphere and strong sense of local pride. The median household income is around $45,000, with a mix of both young families and retirees residing in the area. The housing market in Lampasas, Texas is characterized by affordable home prices compared to nearby cities. The average home value is around $180,000, making it an attractive option for first-time buyers and those looking to invest in real estate. The market has seen steady growth in recent years, indicating a stable and promising real estate environment. Lampasas, Texas is home to several main attractions that draw both locals and visitors. The Lampasas County Courthouse, built-in 1883, stands as a prominent historical landmark. The Hancock Springs Free Flow Pool offers a unique swimming experience fed by natural spring water. Additionally, the nearby Colorado Bend State Park provides outdoor enthusiasts with hiking, camping, and wildlife viewing opportunities.
Benefits of Bridge Loans in Lampasas, Texas
