Get Approved at The Lowest Rate
Navigating the process of buying a new home in Bridgeport, 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 Bridgeport, TX or getting it ready for the market.
Identify the new home you want to buy in Bridgeport, 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 Bridgeport, 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 Bridgeport, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bridgeport, 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 Bridgeport, 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 Bridgeport, 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 Bridgeport, 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 Bridgeport, 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 Bridgeport offer fast access to funds for purchasing a new home while waiting for the sale of your existing property. This can prevent the need for a contingency offer, making your offer more appealing to sellers. Bridgeport, Texas, home to approximately 6,000 residents, has a median household income above the national average. The town boasts a strong sense of community and a lower cost of living compared to larger cities. In the housing market, Bridgeport offers a range of housing options, from historic homes to new developments. The market is stable with steady appreciation rates, making it an attractive location for both investors and homebuyers. Some main attractions in Bridgeport include Lake Bridgeport, a popular spot for boating and fishing, as well as the Bridgeport Heritage Museum, showcasing the town's rich history. Outdoor enthusiasts can enjoy hiking and camping in the nearby state parks.
Benefits of Bridge Loans in Bridgeport, Texas
