Get Approved at The Lowest Rate
Navigating the process of buying a new home in Lubbock, 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 Lubbock, TX or getting it ready for the market.
Identify the new home you want to buy in Lubbock, 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 Lubbock, 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 Lubbock, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lubbock, 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 Lubbock, 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 Lubbock, 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 Lubbock, 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 Lubbock, 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 Lubbock, Texas offer numerous benefits to homeowners and investors. These short-term loans provide quick financing solutions for those looking to purchase a new property before selling their current one. They bridge the gap between transactions, offering flexibility and speed in real estate deals. With bridge loans, borrowers can avoid missing out on opportunities and secure their dream home without delays. Lubbock, Texas, boasts a diverse demographic makeup. The city has a population of over 250,000 residents, with a median age of 29 years old. The community is characterized by a mix of young professionals, families, and students due to the presence of Texas Tech University. This vibrant population contributes to the city's dynamic and welcoming atmosphere. The housing market in Lubbock, Texas, is robust and appealing for both buyers and sellers. The median home value in the city is around $150,000, making it an affordable option compared to other major cities in the state. The market is experiencing steady growth, with a balanced inventory of properties for sale. Bridge loans provide an advantage in this competitive market by allowing buyers to act quickly and secure deals. When visiting Lubbock, Texas, tourists can explore a range of attractions that showcase the city's rich culture and history. The Buddy Holly Center, dedicated to the iconic musician, offers insight into the local music scene. Visitors can also enjoy outdoor activities at the beautiful Mackenzie Park or taste local wines at the award-winning wineries in the area. Lubbock's blend of arts, entertainment, and nature make it a captivating destination for tourists and residents alike.
Benefits of Bridge Loans in Lubbock, Texas
