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Navigating the process of buying a new home in Fannin, 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 Fannin, TX or getting it ready for the market.
Identify the new home you want to buy in Fannin, 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 Fannin, 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 Fannin, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fannin, 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 Fannin, 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 Fannin, 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 Fannin, 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 Fannin, 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 Fannin, Texas offer a lifeline to homeowners looking to purchase a new home before selling their current one. These loans provide quick financing, allowing individuals to make a down payment on a new property while waiting for their existing home to sell. Fannin, Texas, boasts a diverse population with a mix of young families, retirees, and professionals. The median household income is above the national average, creating a stable economic environment for residents considering bridge loans. The housing market in Fannin, Texas, is competitive, with a steady demand for properties. Bridge loans can help individuals secure their dream home in this market by providing the necessary funds to act swiftly when desirable properties become available. While in Fannin, Texas, residents and visitors can explore attractions such as Bonham State Park, known for its picturesque trails and camping facilities. The Sam Rayburn House Museum offers insight into the region's history, making it a must-visit destination for history enthusiasts.
Benefits of Bridge Loans in Fannin, Texas
