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Navigating the process of buying a new home in Lorena, 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 Lorena, TX or getting it ready for the market.
Identify the new home you want to buy in Lorena, 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 Lorena, 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 Lorena, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lorena, 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 Lorena, 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 Lorena, 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 Lorena, 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 Lorena, 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 Lorena, Texas provide valuable financial flexibility for homeowners looking to transition smoothly between the sale of their current home and the purchase of a new one. These short-term loans help bridge the gap financially, covering the down payment or closing costs of the new home. Demographically, Lorena, Texas, is a charming small town with a population of approximately 1,600 residents. The community is known for its strong sense of togetherness and friendly neighbors, making it an ideal place for families looking for a close-knit environment to settle in. In terms of the housing market, Lorena offers a mix of traditional single-family homes, ranch-style properties, and modern developments. The market is competitive yet stable, with a median home value of around $250,000, making it an attractive location for both buyers and sellers. Main attractions in Lorena include the Lorena City Park, a popular spot for outdoor activities and family gatherings, as well as the Lorena Vineyard and Winery, where residents and visitors can enjoy local wines in a picturesque setting.
The Benefits of Bridge Loans in Lorena, Texas
