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Navigating the process of buying a new home in Fabens, 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 Fabens, TX or getting it ready for the market.
Identify the new home you want to buy in Fabens, 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 Fabens, 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 Fabens, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fabens, 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 Fabens, 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 Fabens, 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 Fabens, 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 Fabens, 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 Fabens, Texas offer several benefits to homebuyers. These short-term loans can help bridge the gap between the purchase of a new home and the sale of a current property. They provide immediate funds for down payments, allowing buyers to secure their dream home without having to wait for their existing property to sell. Fabens, Texas, is a diverse community with a rich cultural heritage. The population is a mix of different ethnicities, creating a vibrant and inclusive atmosphere. The town offers a range of amenities, including parks, schools, and shopping centers, making it an ideal place to raise a family or retire. The housing market in Fabens, Texas, is experiencing steady growth. The demand for homes is increasing, leading to an appreciation in property values. Bridge loans can help buyers take advantage of these market conditions by providing the necessary financing to secure a new home before prices rise further. Main attractions in Fabens, Texas, include the historic Mission Trail, which offers a glimpse into the area's past, and the nearby Hueco Tanks State Park, known for its rock climbing and ancient rock art. The town also hosts various cultural events and festivals throughout the year, highlighting its vibrant community spirit.
Benefits of Bridge Loans in Fabens, Texas
