Get Approved at The Lowest Rate
Navigating the process of buying a new home in Roaring Springs, 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 Roaring Springs, TX or getting it ready for the market.
Identify the new home you want to buy in Roaring Springs, 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 Roaring Springs, 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 Roaring Springs, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Roaring Springs, 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 Roaring Springs, 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 Roaring Springs, 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 Roaring Springs, 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 Roaring Springs, 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 offer quick financing for property purchases, allowing buyers in Roaring Springs to secure a new home before selling their current one. These loans provide flexibility, enabling homeowners to avoid missing out on their dream home due to delays in selling their existing property. Bridge loans can be a cost-effective solution for homeowners, minimizing the financial burden of owning two properties simultaneously. Demographics Roaring Springs, Texas, has a population of approximately 265 residents with a mix of families, young professionals, and retirees. The town boasts a close-knit community, with a median household income above the national average, offering a high quality of life. Residents in Roaring Springs enjoy a peaceful, small-town atmosphere combined with easy access to larger cities like Lubbock for additional amenities. Housing Market The housing market in Roaring Springs is characterized by a mix of historic homes and new developments, catering to various tastes and preferences. Property prices in Roaring Springs have shown steady appreciation in recent years, making it an attractive investment opportunity for buyers and sellers alike. With the help of bridge loans, residents can take advantage of the favorable housing market conditions to upgrade to their desired homes seamlessly. Main Attractions Roaring Springs is known for its natural beauty, with attractions such as the Roaring Springs Ranch Club offering outdoor recreational opportunities like golfing and fishing. The town's picturesque scenery and friendly community make it an ideal place for nature lovers and those seeking a peaceful retreat. Additionally, Roaring Springs is located near the Caprock Canyon State Park, providing residents with access to hiking trails and stunning canyon views.
Bridge Loans in Roaring Springs, Texas
