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Navigating the process of buying a new home in Littlefield, 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 Littlefield, TX or getting it ready for the market.
Identify the new home you want to buy in Littlefield, 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 Littlefield, 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 Littlefield, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Littlefield, 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 Littlefield, 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 Littlefield, 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 Littlefield, 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 Littlefield, 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 Littlefield, Texas offer quick and flexible financing solutions for individuals looking to purchase a new home before selling their current one. These loans provide a short-term financial boost, allowing buyers to seize opportunities in the competitive real estate market without having to wait for their current property to sell. Littlefield, Texas, with a population of around 6,000 residents, boasts a tight-knit community feel with excellent schools, making it an ideal place for families. The median home value in Littlefield is relatively affordable, creating a favorable environment for both first-time homebuyers and investors. The housing market in Littlefield, Texas, is stable and growing steadily. With a variety of housing options available, from historic homes to modern developments, there is something to suit every taste and budget. Bridge loans can help buyers take advantage of the market's offerings while ensuring a smooth transition between properties. Some of the main attractions in Littlefield include the National Mule Memorial, the Duggan House Museum, and the beautiful Paty Lake. These attractions showcase the town's rich history and offer recreational opportunities for residents and visitors alike.
Benefits of Bridge Loans in Littlefield, Texas
