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Navigating the process of buying a new home in Temple, 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 Temple, TX or getting it ready for the market.
Identify the new home you want to buy in Temple, 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 Temple, 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 Temple, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Temple, 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 Temple, 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 Temple, 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 Temple, 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 Temple, 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 Temple, Texas offer a valuable financial solution for individuals looking to purchase a new home before selling their current one. These short-term loans provide immediate funds for down payments, allowing buyers to secure their new property quickly. Demographically, Temple, Texas, is a vibrant city with a population of around 78,439. The city boasts a diverse community, including families, young professionals, and retirees, creating a dynamic and welcoming environment. In terms of the housing market, Temple offers a variety of options to suit different needs and budgets. The market is currently experiencing steady growth, making it an attractive location for both buyers and sellers. Bridge loans facilitate smooth transitions in this competitive market. Main attractions in Temple include the historic Santa Fe Depot, the beautiful Temple Railroad and Heritage Museum, and the picturesque Temple Lake Park. These attractions showcase the city's rich history and natural beauty, making it a wonderful place to live and visit.
Benefits of Bridge Loans in Temple, Texas
