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Navigating the process of buying a new home in Leming, 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 Leming, TX or getting it ready for the market.
Identify the new home you want to buy in Leming, 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 Leming, 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 Leming, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Leming, 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 Leming, 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 Leming, 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 Leming, 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 Leming, 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 Leming, Texas offer a convenient financing solution for individuals looking to purchase a new home before selling their existing property. These short-term loans provide the necessary funds to bridge the gap between the sale of the current home and the purchase of a new one, without requiring the homeowner to liquidate their assets. Demographics: Leming, Texas, is a small, tight-knit community with a population of around 400 residents. The town has a suburban feel, and the majority of residents own their homes. The community is known for its friendly atmosphere and strong sense of community spirit. Housing Market: The housing market in Leming, Texas, is currently stable, with a mix of single-family homes and ranch-style properties available. The median home price is affordable, making it an attractive option for first-time homebuyers and those looking to invest in real estate. Main Attractions: Leming, Texas, is located near several popular attractions, including the Eagle Ford Shale and Braunig Lake. Residents and visitors can enjoy outdoor activities such as fishing, hiking, and boating. The town also has a rich history, with historic buildings and landmarks to explore.
Benefits of Bridge Loans in Leming, Texas
