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Navigating the process of buying a new home in Lueders, 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 Lueders, TX or getting it ready for the market.
Identify the new home you want to buy in Lueders, 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 Lueders, 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 Lueders, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lueders, 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 Lueders, 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 Lueders, 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 Lueders, 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 Lueders, 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 Lueders, Texas offer numerous advantages to homebuyers. These short-term loans bridge the gap between the purchase of a new home and the sale of an existing one, providing the flexibility and liquidity needed to secure a new property without the stress of waiting for the sale of a current home. Lueders, Texas is a charming small town with a population of approximately 300 residents. The town boasts a tight-knit community, low crime rates, and access to good schools, making it an ideal location for families looking to settle down. The housing market in Lueders, Texas is stable, with a mix of historic homes and modern properties available. The median home price is around $150,000, making it an affordable option for first-time buyers and those looking to invest in real estate. While Lueders may be small, it offers a range of attractions for residents and visitors alike. The town is known for its historical sites, including the Lueders-Avoca Museum and the picturesque Lueders Park. Outdoor enthusiasts can enjoy activities such as fishing, hiking, and camping in the surrounding area.
Benefits of Bridge Loans in Lueders, Texas