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Navigating the process of buying a new home in Lenorah, 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 Lenorah, TX or getting it ready for the market.
Identify the new home you want to buy in Lenorah, 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 Lenorah, 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 Lenorah, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lenorah, 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 Lenorah, 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 Lenorah, 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 Lenorah, 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 Lenorah, 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 Lenorah, Texas offer flexibility and quick access to funds for individuals looking to bridge the gap between the purchase of a new home and the sale of their existing one. This can help avoid the stress of timing issues and allows for smoother transitions during the moving process. Demographically, Lenorah is a small, tight-knit community located in West Texas. With a population of around 500 residents, Lenorah offers a peaceful and close community feel with a blend of rural and suburban characteristics. In terms of the housing market, Lenorah provides a mix of affordable housing options, making it an attractive location for both first-time homebuyers and those looking to upgrade. The market is stable, with steady appreciation rates, offering good investment opportunities for potential homeowners. Main attractions in Lenorah include the scenic views of the West Texas landscape, perfect for outdoor enthusiasts. The community also hosts local events that bring neighbors together, fostering a strong sense of belonging and camaraderie among residents.
Benefits of Bridge Loans in Lenorah, Texas
