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Navigating the process of buying a new home in Leonard, 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 Leonard, TX or getting it ready for the market.
Identify the new home you want to buy in Leonard, 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 Leonard, 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 Leonard, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Leonard, 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 Leonard, 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 Leonard, 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 Leonard, 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 Leonard, 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 offer various benefits to individuals in Leonard, Texas. They provide short-term financing for purchasing a new home before selling an existing one. This can facilitate a smooth transition between properties without the need to rush the sale of the current home. Leonard, Texas, is a small town with a friendly community and a rural feel. The town boasts a population that values a close-knit atmosphere and a slower pace of life. The demographic makeup includes families, retirees, and individuals looking for a peaceful lifestyle. The housing market in Leonard, Texas, offers a mix of traditional single-family homes, ranch-style properties, and vacant land for development. The market is stable, with steady demand for housing in the area. Bridge loans can provide flexibility for buyers looking to secure their dream home in this picturesque location. Leonard may be a small town, but it has its attractions. Visitors and residents can enjoy outdoor activities like fishing at the nearby Lake Bonham, exploring the Bonham State Park, and attending local events such as the Leonard Picnic. The town's history and charm make it a unique place to call home.
Benefits of Bridge Loans in Leonard, Texas
