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Navigating the process of buying a new home in Lipan, 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 Lipan, TX or getting it ready for the market.
Identify the new home you want to buy in Lipan, 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 Lipan, 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 Lipan, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lipan, 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 Lipan, 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 Lipan, 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 Lipan, 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 Lipan, 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 Lipan, Texas offer unique advantages to homebuyers. These short-term loans can help bridge the gap between the purchase of a new home and the sale of the old one, providing financial flexibility and easing the transition to a new property. Demographically, Lipan boasts a population of approximately 450 residents, offering a tight-knit community atmosphere. With a median household income above the national average, Lipan provides a stable economic environment for property investments and homeownership. The housing market in Lipan is characterized by a mix of traditional single-family homes and picturesque ranch properties. With steady appreciation rates and a relatively low cost of living compared to nearby urban areas, Lipan presents an attractive opportunity for homebuyers seeking affordable yet charming housing options. Lipan's main attractions include its proximity to beautiful natural landscapes, such as Lake Granbury and nearby state parks, making it an ideal location for outdoor enthusiasts. Additionally, the town's historic downtown area offers quaint shops, local dining establishments, and a rich sense of community pride.
Benefits of Bridge Loans in Lipan, Texas
