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Navigating the process of buying a new home in Lone Star, 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 Lone Star, TX or getting it ready for the market.
Identify the new home you want to buy in Lone Star, 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 Lone Star, 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 Lone Star, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lone Star, 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 Lone Star, 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 Lone Star, 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 Lone Star, 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 Lone Star, 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 convenient way for homeowners in Lone Star, Texas, to bridge the gap between the purchase of a new home and the sale of their current one. This financial tool provides flexibility and quick access to funds for a smooth transition. Demographics: Lone Star, Texas, is home to a diverse population with a strong sense of community. The city boasts a mix of cultural backgrounds, creating a vibrant and welcoming atmosphere for residents and visitors alike. Housing Market: The housing market in Lone Star, Texas, is thriving, with a range of properties available to suit different preferences and budgets. Bridge loans can help buyers seize opportunities in this competitive market, ensuring they secure their dream home. Main Attractions: Lone Star, Texas, offers a variety of attractions for residents to enjoy, including beautiful parks, cultural landmarks, and a bustling downtown area. With bridge loans providing financial support, homeowners can focus on exploring and making the most of these attractions.
Benefits of Bridge Loans in Lone Star, Texas
