Get Approved at The Lowest Rate
Navigating the process of buying a new home in Lovelady, 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 Lovelady, TX or getting it ready for the market.
Identify the new home you want to buy in Lovelady, 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 Lovelady, 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 Lovelady, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lovelady, 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 Lovelady, 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 Lovelady, 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 Lovelady, 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 Lovelady, 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 Lovelady, Texas offer numerous benefits to homeowners. One of the primary advantages is the quick access to funds, allowing individuals to secure a new property before selling their existing one. This can prevent missed opportunities in the competitive real estate market. Demographically, Lovelady is a charming small town in Texas with a population of approximately 600 residents. The town boasts a close-knit community feel, making it an ideal place for families and retirees seeking a peaceful lifestyle in a rural setting. In terms of the housing market, Lovelady offers affordable real estate options compared to larger cities. The median home price is below the national average, making it an attractive location for individuals looking to invest in property or settle down in a tranquil environment. Some of the main attractions in Lovelady include the Davy Crockett National Forest, which provides opportunities for outdoor activities such as hiking, camping, and fishing. The town also hosts annual events like the Lovelady Lovefest, showcasing local talent and fostering community spirit.
Benefits of Bridge Loans in Lovelady, Texas
