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Navigating the process of buying a new home in Spicewood, 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 Spicewood, TX or getting it ready for the market.
Identify the new home you want to buy in Spicewood, 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 Spicewood, 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 Spicewood, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Spicewood, 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 Spicewood, 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 Spicewood, 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 Spicewood, 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 Spicewood, 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 Spicewood, Texas provide a valuable financing option for homeowners looking to purchase a new property before selling their current one. These loans offer quick access to funds, allowing buyers to avoid missing out on their dream home. Spicewood, Texas, located in Travis County, has a population of approximately 15,000 residents. The area boasts a suburban feel with a mix of homeowners and renters. The median household income is above the national average, making it an attractive location for those seeking a higher standard of living. The housing market in Spicewood is currently experiencing steady growth, with property values appreciating year over year. Bridge loans play a crucial role in facilitating these transactions by providing buyers with the necessary capital to secure new homes while awaiting the sale of their existing properties. Some of the main attractions in Spicewood include the beautiful scenery of the Texas Hill Country, the renowned Spicewood Vineyards, and the popular Krause Springs natural swimming hole. With its mix of outdoor recreational opportunities and cultural attractions, Spicewood offers residents and visitors a unique and vibrant community to call home.
Benefits of Bridge Loans in Spicewood, Texas
