Get Approved at The Lowest Rate
Navigating the process of buying a new home in Lufkin, 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 Lufkin, TX or getting it ready for the market.
Identify the new home you want to buy in Lufkin, 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 Lufkin, 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 Lufkin, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lufkin, 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 Lufkin, 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 Lufkin, 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 Lufkin, 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 Lufkin, 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!
Benefits of Bridge Loans: Bridge loans in Lufkin, Texas offer a quick source of financing for individuals looking to buy a new home while waiting for their current one to sell. They provide flexibility and bridge the gap between buying and selling, preventing homeowners from missing out on their dream home. Demographics: Lufkin, Texas, is a city with a diverse population, with a mix of families, young professionals, and retirees. The cost of living is relatively low compared to major cities, making it an attractive location for those looking for affordable housing options. Housing Market: The housing market in Lufkin, Texas, offers a variety of options, from historic homes to modern developments. The median home price is reasonable, and the market is stable, making it a favorable environment for both buyers and sellers. Main Attractions: Lufkin is known for its natural beauty, with nearby attractions like the Davy Crockett National Forest and the Ellen Trout Zoo. The city also offers a vibrant downtown area with shops, restaurants, and cultural events, providing residents with a high quality of life.
Benefits of Bridge Loans in Lufkin, Texas
