Get Approved at The Lowest Rate
Navigating the process of buying a new home in Fairfield, 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 Fairfield, TX or getting it ready for the market.
Identify the new home you want to buy in Fairfield, 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 Fairfield, 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 Fairfield, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fairfield, 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 Fairfield, 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 Fairfield, 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 Fairfield, 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 Fairfield, 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 offer numerous benefits to homebuyers in Fairfield, Texas. These short-term loans provide immediate funds for purchasing a new home before selling the current one, helping buyers avoid the stress of timing their transactions perfectly. With a bridge loan, individuals can secure their dream home without worrying about closing dates lining up. Demographics: Fairfield, Texas, boasts a diverse population with a mix of families, young professionals, and retirees. The town's welcoming atmosphere, low crime rates, and excellent schools make it an ideal place for individuals looking to settle down or raise a family. Housing Market: Fairfield's housing market is thriving, with a range of properties available to suit different preferences and budgets. The town offers a mix of modern developments and historic homes, providing options for first-time buyers and seasoned investors alike. Main Attractions: In Fairfield, residents and visitors can enjoy a variety of attractions, including the picturesque Fairfield Lake State Park, the Freestone County Museum showcasing local history, and the vibrant downtown area with charming shops and restaurants. The town's rich cultural scene and recreational opportunities make it a desirable place to call home.
The Benefits of Bridge Loans in Fairfield, Texas
