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Navigating the process of buying a new home in Luling, 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 Luling, TX or getting it ready for the market.
Identify the new home you want to buy in Luling, 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 Luling, 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 Luling, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Luling, 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 Luling, 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 Luling, 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 Luling, 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 Luling, 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 Luling, Texas offer a valuable financing option for individuals or families looking to purchase a new home before selling their current one. These short-term loans provide immediate funds to cover the down payment and closing costs of the new property, allowing buyers to seize opportunities without having to wait for their existing home to sell. Demographics Luling, Texas, is a charming town with a population of approximately 6,000 residents. The community is known for its friendly atmosphere and diverse culture, making it an ideal place for families, young professionals, and retirees alike. The town boasts a rich history and a strong sense of community spirit. Housing Market The housing market in Luling, Texas, is vibrant and offers a variety of options for homebuyers. From historic Victorian homes to modern townhouses, there is something for everyone in this town. With competitive prices and a stable market, Luling is an attractive location for those looking to invest in real estate. Main Attractions Luling, Texas, is home to several main attractions that draw visitors and residents alike. The famous Luling Oil Museum showcases the town's history in the oil industry, while the Zedler Mill Pavilion offers a picturesque spot for outdoor events and gatherings. Additionally, the annual Luling Watermelon Thump festival is a favorite among locals and tourists, celebrating the town's agricultural heritage.
Benefits of Bridge Loans in Luling, Texas
