Get Approved at The Lowest Rate
Navigating the process of buying a new home in New London, 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 New London, TX or getting it ready for the market.
Identify the new home you want to buy in New London, 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 New London, 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 New London, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in New London, 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 New London, 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 New London, 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 New London, 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 New London, 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 New London, Texas offer numerous benefits to borrowers. These short-term loans provide quick access to funds, allowing individuals to bridge financial gaps during real estate transactions. Borrowers can secure the purchase of a new property before selling their current one, avoiding missed opportunities and ensuring a smooth transition. Demographically, New London, Texas, is a vibrant community with a diverse population. The town boasts a mix of young professionals, families, and retirees, creating a dynamic social fabric. With a growing economy and ample job opportunities, New London attracts individuals from various backgrounds, contributing to its rich cultural tapestry. The housing market in New London, Texas, is thriving, offering a range of properties to suit different preferences and budgets. From charming single-family homes to modern apartments, prospective buyers can find their ideal living space in this competitive market. With affordable pricing and low interest rates, now is an opportune time to invest in real estate in New London. New London, Texas, offers an array of attractions for residents and visitors alike. The town is known for its picturesque parks, historical sites, and vibrant dining scene. Whether exploring the local museums or enjoying outdoor recreational activities, there is no shortage of entertainment options in New London.
Benefits of Bridge Loans in New London, Texas
