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Navigating the process of buying a new home in Lorenzo, 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 Lorenzo, TX or getting it ready for the market.
Identify the new home you want to buy in Lorenzo, 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 Lorenzo, 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 Lorenzo, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lorenzo, 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 Lorenzo, 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 Lorenzo, 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 Lorenzo, 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 Lorenzo, 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 Lorenzo, Texas offer a unique financing solution for homeowners looking to purchase a new property before selling their current one. This type of loan provides immediate funds to make a down payment on a new home, bridging the gap between the sale of the existing property and the purchase of the new one. Demographically, Lorenzo, Texas is a charming small town with a population of approximately 1,200 residents. The community is tight-knit, offering a friendly and welcoming atmosphere for both long-time locals and newcomers. The town is known for its strong sense of community spirit and pride in its rich history. In terms of the housing market, Lorenzo, Texas has seen a steady increase in property values over the past few years. The real estate market is competitive, with a range of housing options available to suit different preferences and budgets. Bridge loans can help buyers navigate this competitive market by providing quick access to funds for a new purchase. Some of the main attractions in Lorenzo, Texas include the historic downtown area, which features charming shops, restaurants, and local businesses. The town also boasts beautiful parks and outdoor recreational areas, making it a great place for nature lovers and outdoor enthusiasts. Overall, Lorenzo offers a peaceful and idyllic setting for residents looking for a close-knit community with modern amenities.
Benefits of Bridge Loans in Lorenzo, Texas
