Get Approved at The Lowest Rate
Navigating the process of buying a new home in Leona, 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 Leona, TX or getting it ready for the market.
Identify the new home you want to buy in Leona, 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 Leona, 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 Leona, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Leona, 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 Leona, 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 Leona, 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 Leona, 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 Leona, 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 Leona, Texas offer a convenient financing option for homebuyers who need to close quickly on a new home before selling their existing one. This type of loan provides short-term funding to cover the gap between the purchase of a new home and the sale of the current one. It allows buyers to secure the new property without waiting for their old house to sell, avoiding the risk of losing out on their dream home. Leona, Texas, is a small town with a population of around 175 residents. The town boasts a friendly community atmosphere and a low cost of living, making it an attractive place for families and retirees. With its rural setting and proximity to natural amenities like lakes and parks, Leona provides a peaceful and laid-back lifestyle for its residents. The housing market in Leona, Texas, is characterized by affordable home prices and a variety of housing options, including single-family homes, ranch-style properties, and vacant land for custom builds. The market is relatively stable, with steady demand for housing fueled by the town's charm and quality of life. Whether you're looking for a cozy starter home or a spacious estate, Leona has something to offer for every budget and preference.
Benefits of Bridge Loans in Leona, Texas
