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Navigating the process of buying a new home in Leesburg, 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 Leesburg, TX or getting it ready for the market.
Identify the new home you want to buy in Leesburg, 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 Leesburg, 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 Leesburg, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Leesburg, 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 Leesburg, 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 Leesburg, 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 Leesburg, 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 Leesburg, 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 Leesburg, Texas offer a flexible financing option that can help homeowners bridge the gap between buying a new home and selling their current one. This can be especially beneficial in competitive real estate markets where timing is crucial. Demographically, Leesburg, Texas, a small town with a population of around 1,000, offers a close-knit community feel. The town has a mix of residents, from young families to retirees, creating a diverse and welcoming atmosphere. In terms of the housing market, Leesburg boasts affordable housing options compared to nearby urban areas. With a median home price below the state average, the town provides a great opportunity for homeowners looking for a quaint and affordable place to live. Main attractions in Leesburg include the beautiful Lake Bob Sandlin, popular for fishing and boating activities. Additionally, the town offers charming local shops, restaurants, and community events, making it an ideal place to live for those seeking a peaceful yet vibrant lifestyle.
Benefits of Bridge Loans in Leesburg, Texas
