Get Approved at The Lowest Rate
Navigating the process of buying a new home in Lometa, 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 Lometa, TX or getting it ready for the market.
Identify the new home you want to buy in Lometa, 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 Lometa, 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 Lometa, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lometa, 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 Lometa, 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 Lometa, 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 Lometa, 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 Lometa, 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 Lometa, Texas offer several advantages to homebuyers. They provide short-term financing solutions to bridge the gap between the purchase of a new home and the sale of an existing one. This can be advantageous in a competitive real estate market where quick transactions are essential. Lometa, Texas, is a charming small town with a population of approximately 830 residents. The majority of residents own their homes, making it a tight-knit community with a strong sense of belonging. The town's population is diverse, with a mix of different age groups and backgrounds. In terms of the housing market, Lometa offers affordable housing options compared to larger urban areas. The median home price is lower than the state average, making it an attractive location for first-time homebuyers and families looking to settle down in a peaceful environment. Some main attractions in Lometa include the historic Lometa Regional Park, offering recreational activities such as hiking, fishing, and picnicking. The town also hosts annual events like the Lometa Diamondback Jubilee, a celebration of local culture and community spirit.
Benefits of Bridge Loans in Lometa, Texas
