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Navigating the process of buying a new home in Memphis, 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 Memphis, TX or getting it ready for the market.
Identify the new home you want to buy in Memphis, 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 Memphis, 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 Memphis, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Memphis, 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 Memphis, 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 Memphis, 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 Memphis, 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 Memphis, 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 Memphis, Texas offer numerous benefits for individuals and businesses looking to bridge financial gaps during real estate transactions. These short-term loans provide quick access to capital, allowing buyers to secure properties without the burden of a traditional mortgage. Memphis, Texas, with a population of approximately 2,200 residents, boasts a diverse demographic mix. The community is known for its strong sense of unity and support, making it an ideal location for families and businesses alike to thrive. The housing market in Memphis, Texas, is currently experiencing steady growth, with property values on the rise. Bridge loans provide a flexible financing option for buyers, enabling them to take advantage of favorable market conditions and secure desirable properties quickly. Some main attractions in Memphis, Texas, include the historic Downtown area, renowned for its charming shops and local eateries. The city is also home to beautiful parks and outdoor recreational areas, making it a picturesque and inviting place to call home.
Bridge Loans in Memphis, Texas
