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Navigating the process of buying a new home in Cresson, 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 Cresson, TX or getting it ready for the market.
Identify the new home you want to buy in Cresson, 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 Cresson, 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 Cresson, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cresson, 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 Cresson, 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 Cresson, 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 Cresson, 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 Cresson, 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 Cresson, Texas offer borrowers the flexibility to transition smoothly between the sale of their current home and the purchase of a new one. These short-term loans provide quick access to funds, allowing homeowners to seize favorable opportunities in the real estate market without waiting for their old property to sell. Demographically, Cresson, Texas has a population of about 1,000 residents. The town has a suburban feel with many families and young professionals residing in the area. The community is close-knit, offering a peaceful and family-friendly environment for its residents. In terms of the housing market, Cresson's real estate scene is vibrant, with a mix of new developments and established neighborhoods. The median home value in Cresson is around $300,000, making it an affordable option for those looking to buy or invest in property. Some of the main attractions in Cresson include the beautiful Sugar Tree Golf Course, perfect for golf enthusiasts. The local parks and green spaces provide recreational opportunities for outdoor lovers, while the nearby Lake Granbury offers boating and fishing activities for residents and visitors alike.
Benefits of Bridge Loans in Cresson, Texas
