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Navigating the process of buying a new home in Bedford, 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 Bedford, TX or getting it ready for the market.
Identify the new home you want to buy in Bedford, 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 Bedford, 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 Bedford, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bedford, 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 Bedford, 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 Bedford, 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 Bedford, 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 Bedford, 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 temporary financing for individuals or businesses to cover financial gaps. In Bedford, Texas, these loans can provide quick access to funds for buying a new home while waiting for the sale of an existing one. They offer flexibility and convenience during real estate transactions. Demographics: Bedford, Texas, has a population of approximately 50,000 residents. The city is known for its diverse community, with a mix of young professionals, families, and retirees. The median household income is $65,000, and the majority of residents own their homes. Housing Market: Bedford's housing market is thriving, with a variety of properties available, including single-family homes, townhouses, and apartments. The median home value in Bedford is $250,000, with a steady appreciation rate over the years. Bridge loans can help buyers secure their dream home in this competitive market. Main Attractions: Bedford offers a range of attractions, including the Old Bedford School, Bedford Splash Water Park, and the Texas Star Golf Course. Residents enjoy easy access to Dallas and Fort Worth, as well as nearby shopping and dining options.
Bridge Loans in Bedford, Texas
