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Navigating the process of buying a new home in Lott, 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 Lott, TX or getting it ready for the market.
Identify the new home you want to buy in Lott, 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 Lott, 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 Lott, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lott, 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 Lott, 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 Lott, 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 Lott, 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 Lott, 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 Lott, Texas can provide individuals with the flexibility and financial support they need when transitioning between the sale of one home and the purchase of another. These short-term loans offer quick access to funds, allowing borrowers to make a competitive offer on a new property before selling their current one. Demographics in Lott, Texas show a population of approximately 724 residents. The town boasts a tight-knit community with a mix of families and retirees. The median household income is around $47,368, making it an attractive option for those seeking affordable living in a peaceful environment. The housing market in Lott, Texas is characterized by a range of properties including single-family homes and spacious ranch-style houses. With a median home value of $69,200, the real estate market in Lott offers affordable housing options for both buyers and investors. Some of the main attractions in Lott, Texas include the Brazos Valley Maize, a popular fall destination offering corn mazes and family-friendly activities. Additionally, residents and visitors can explore the nearby Chisolm Trail Heritage Center and enjoy outdoor adventures at the nearby Lake Mexia.
Benefits of Bridge Loans in Lott, Texas
