Get Approved at The Lowest Rate
Navigating the process of buying a new home in Winona, 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 Winona, TX or getting it ready for the market.
Identify the new home you want to buy in Winona, 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 Winona, 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 Winona, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Winona, 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 Winona, 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 Winona, 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 Winona, 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 Winona, 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 Winona, Texas offer individuals quick access to funds to bridge financial gaps during real estate transactions. They provide flexibility by allowing borrowers to purchase a new home before selling their current one. This can be particularly beneficial in competitive markets where securing a new property is time-sensitive. Demographics: Winona, Texas, has a diverse population consisting of families, retirees, and young professionals. The town offers a close-knit community feel with access to quality schools and recreational facilities, attracting residents from various age groups. Housing Market: Winona's housing market is dynamic, with a mix of traditional single-family homes and new developments. The median home price is competitive, making it an attractive location for first-time homebuyers and investors looking for affordable real estate opportunities. Main Attractions: Winona boasts scenic parks, trails for outdoor enthusiasts, and a historic downtown area with charming shops and restaurants. Residents enjoy a peaceful environment while still having easy access to larger cities like Tyler for additional amenities and employment opportunities.
Benefits of Bridge Loans in Winona, Texas
