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Navigating the process of buying a new home in Lancaster, 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 Lancaster, TX or getting it ready for the market.
Identify the new home you want to buy in Lancaster, 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 Lancaster, 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 Lancaster, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lancaster, 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 Lancaster, 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 Lancaster, 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 Lancaster, 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 Lancaster, 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 Lancaster, Texas offer a crucial financial lifeline for homeowners looking to purchase a new property before selling their current one. This type of loan provides immediate funds to cover the down payment on a new home, enabling a seamless transition without the need to wait for the sale of the existing property. Lancaster, Texas, located in Dallas County, boasts a diverse demographic makeup with a mix of young professionals, families, and retirees. The city has a vibrant community spirit, with numerous parks, recreational facilities, and cultural events that cater to residents of all ages. The housing market in Lancaster, Texas, is thriving, with a range of affordable options available for both buyers and renters. The city's real estate market offers a variety of housing styles, from historic homes to modern developments, making it an attractive location for individuals and families looking to settle down in a welcoming community. Some of the main attractions in Lancaster include the Historic Town Square, the Bear Creek Nature Park, and the Texas Air Museum, providing residents and visitors with opportunities to explore the city's rich history, natural beauty, and cultural heritage.
Benefits of Bridge Loans in Lancaster, Texas
