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Navigating the process of buying a new home in Lingleville, 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 Lingleville, TX or getting it ready for the market.
Identify the new home you want to buy in Lingleville, 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 Lingleville, 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 Lingleville, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lingleville, 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 Lingleville, 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 Lingleville, 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 Lingleville, 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 Lingleville, 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 a crucial financial solution for homeowners in Lingleville, Texas, looking to purchase a new home before selling their current one. These short-term loans provide flexibility and quick access to funds, allowing individuals to bridge the gap between transactions. They prevent missed opportunities and offer a smoother transition from one property to another. Lingleville, Texas, boasts a diverse demographic mix with a strong sense of community. The town has a population of around 300 residents, primarily comprised of families and individuals seeking a peaceful rural lifestyle. The area is known for its excellent schools, low crime rates, and friendly neighborhood environment. The housing market in Lingleville, Texas, is characterized by steady growth and affordable prices compared to neighboring cities. With a variety of charming residential properties available, from cozy ranch-style homes to spacious rural estates, the town offers options for every budget and preference. The market is stable, making it an attractive location for both first-time buyers and experienced investors. While in Lingleville, residents and visitors alike can enjoy various attractions, including scenic parks, local restaurants, and historic sites. The town's close-knit community organizes events throughout the year, fostering a sense of belonging and camaraderie among its inhabitants. Nature enthusiasts can explore the nearby countryside, while history buffs can delve into the area's rich cultural heritage.
Benefits of Bridge Loans in Lingleville, Texas
