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Navigating the process of buying a new home in Lincoln, 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 Lincoln, TX or getting it ready for the market.
Identify the new home you want to buy in Lincoln, 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 Lincoln, 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 Lincoln, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lincoln, 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 Lincoln, 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 Lincoln, 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 Lincoln, 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 Lincoln, 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 Lincoln, Texas offer borrowers the flexibility to purchase a new home before selling their existing property. This can be advantageous in a competitive market where quick transactions are essential. These loans help bridge the gap between the sale of the current home and the purchase of a new one, preventing the need to rush the sale process. The demographics of Lincoln, Texas, consist of a diverse population with a mix of families, young professionals, and retirees. The town is known for its strong community spirit and excellent school district, making it an attractive place to raise a family. With easy access to major cities like Dallas and Austin, Lincoln offers a blend of small-town charm and urban convenience. The housing market in Lincoln, Texas, is stable and growing, with a range of housing options to suit different budgets and preferences. The average home price in Lincoln is competitive compared to neighboring areas, making it an appealing choice for first-time homebuyers and investors. The market trends indicate steady appreciation in property values, making it a promising location for real estate investment.
Benefits of Bridge Loans in Lincoln, Texas
