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Navigating the process of buying a new home in Lolita, 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 Lolita, TX or getting it ready for the market.
Identify the new home you want to buy in Lolita, 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 Lolita, 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 Lolita, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lolita, 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 Lolita, 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 Lolita, 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 Lolita, 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 Lolita, 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 provide great flexibility for homebuyers in Lolita, Texas, allowing them to purchase a new home before selling their existing one. This ensures a smooth transition without the pressure of rushed sales or missed opportunities in the competitive real estate market. Demographics: Lolita, Texas is a small, close-knit community with a mix of families and retirees. The median age is 42, and the population is around 1,200 residents. The area boasts a diverse culture with a strong sense of community. Housing Market: The housing market in Lolita, Texas is stable, with a mix of single-family homes and rural properties. Bridge loans are particularly beneficial in this market, as they allow residents to move quickly on desirable properties without delays in the sales process. Main Attractions: Lolita offers a range of attractions, including the picturesque Lolita Park, ideal for outdoor activities and family picnics. The town also has a rich history, with historical sites like the Lolita Schoolhouse Museum attracting visitors and locals alike.
The Benefits of Bridge Loans in Lolita, Texas
