Get Approved at The Lowest Rate
Navigating the process of buying a new home in Springlake, 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 Springlake, TX or getting it ready for the market.
Identify the new home you want to buy in Springlake, 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 Springlake, 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 Springlake, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Springlake, 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 Springlake, 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 Springlake, 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 Springlake, 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 Springlake, 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 Springlake, Texas offer numerous benefits to homebuyers and homeowners. These short-term loans provide quick access to funds for purchasing a new home while waiting for the sale of an existing property. They allow for flexibility in real estate transactions and can bridge financial gaps efficiently. Springlake, Texas, with a population of approximately 1000 residents, boasts a diverse community with a mix of families and retirees. The area's demographics highlight a strong sense of community, low crime rates, and a relatively affordable cost of living, making it an attractive location for homebuyers seeking a peaceful environment. The housing market in Springlake, Texas, offers a variety of options ranging from single-family homes to spacious estates. With steady appreciation rates, competitive interest rates, and a stable economy, the real estate market in Springlake presents opportunities for both buyers and sellers. Bridge loans can facilitate smoother transactions in this thriving market. Springlake, Texas, is home to several main attractions, including the picturesque Springlake Park, which offers outdoor recreational activities such as hiking trails, picnic areas, and fishing spots. The Texas Windmill Museum showcases the area's rich cultural history, while the local farmers' market provides fresh produce and artisanal goods for residents to enjoy.
Bridge Loans in Springlake, Texas
