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Navigating the process of buying a new home in Leroy, 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 Leroy, TX or getting it ready for the market.
Identify the new home you want to buy in Leroy, 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 Leroy, 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 Leroy, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Leroy, 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 Leroy, 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 Leroy, 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 Leroy, 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 Leroy, 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 Leroy, Texas offer a quick and flexible financing option for individuals looking to purchase a new home before selling their existing one. This provides peace of mind and allows for a smoother transition between properties. Demographics: Leroy, Texas, is a small town with a population of approximately 400 residents. The community is tight-knit, with a focus on family values and a friendly atmosphere. The town boasts a diverse mix of residents, including young families, retirees, and professionals. Housing Market: Leroy's housing market is stable and offers a range of property options to suit different needs and budgets. With the help of bridge loans, buyers can take advantage of opportunities in the market without waiting for their current property to sell. This flexibility makes Leroy an attractive destination for homebuyers. Main Attractions: Leroy is known for its quaint downtown area, local shops, and outdoor recreational spaces. Residents enjoy access to parks, community events, and a peaceful environment away from the hustle and bustle of city life. The town's charm and amenities make it a desirable place to call home.
The Benefits of Bridge Loans in Leroy, Texas
