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Navigating the process of buying a new home in Lytle, 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 Lytle, TX or getting it ready for the market.
Identify the new home you want to buy in Lytle, 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 Lytle, 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 Lytle, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lytle, 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 Lytle, 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 Lytle, 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 Lytle, 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 Lytle, 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 Lytle, Texas offer quick financing solutions for homebuyers looking to purchase a new home before selling their existing property. These loans provide flexibility and convenience by bridging the gap between selling and buying, avoiding the need for a contingent offer. Demographics Lytle, Texas, is a vibrant community with a mix of families and young professionals. The population is diverse, with a strong sense of community spirit. The town offers a suburban feel with a range of housing options, making it an attractive place to live for people of all ages. Housing Market The housing market in Lytle, Texas, is robust, with a steady increase in property values over the years. The availability of bridge loans has made it easier for buyers to enter the market and secure their dream homes quickly. The town offers a mix of single-family homes and condominiums to cater to various preferences. Main Attractions Lytle, Texas, boasts a range of main attractions, including the Lytle Community Park, where families can enjoy picnics and outdoor activities. The town also offers dining options, shopping centers, and easy access to nearby recreational areas, making it a desirable place to live and explore.
Benefits of Bridge Loans in Lytle, Texas