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Navigating the process of buying a new home in Lavon, 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 Lavon, TX or getting it ready for the market.
Identify the new home you want to buy in Lavon, 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 Lavon, 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 Lavon, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lavon, 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 Lavon, 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 Lavon, 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 Lavon, 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 Lavon, 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 Lavon, Texas offer homeowners the flexibility to secure financing quickly for a new home purchase before selling their existing property. This type of loan provides a short-term solution to cover the down payment on the new home, preventing delays and allowing for a smoother transition between properties. Demographically, Lavon, Texas, is a vibrant community with a growing population of families and young professionals. The town offers a mix of suburban and rural living, making it an attractive destination for those seeking a peaceful lifestyle within easy reach of the city. The housing market in Lavon, Texas, is competitive yet stable, with a range of properties available to suit different budgets and preferences. The area has seen consistent growth in property values, making it an excellent investment opportunity for homebuyers looking to build equity over time. Main attractions in Lavon, Texas, include its picturesque lakeside location, offering residents and visitors ample opportunities for outdoor recreation such as fishing, boating, and hiking. The town also boasts a friendly community atmosphere, with local events and festivals that bring people together in celebration of its rich culture and heritage.
Benefits of Bridge Loans in Lavon, Texas
