Get Approved at The Lowest Rate
Navigating the process of buying a new home in Farnsworth, 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 Farnsworth, TX or getting it ready for the market.
Identify the new home you want to buy in Farnsworth, 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 Farnsworth, 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 Farnsworth, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Farnsworth, 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 Farnsworth, 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 Farnsworth, 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 Farnsworth, 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 Farnsworth, 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 Farnsworth, Texas offer the benefit of providing quick financing to bridge the gap between the purchase of a new property and the sale of an existing one. This enables homeowners to secure their new home without being burdened by the stress of timing the sale of their current property. Demographically, Farnsworth, Texas, boasts a diverse population with a mix of families, young professionals, and retirees. The community is known for its friendly and welcoming atmosphere, making it an ideal place to settle down and raise a family. In terms of the housing market, Farnsworth, Texas, offers affordable housing options compared to major metropolitan areas. The market is stable with a steady increase in property values, making it an attractive location for both first-time homebuyers and real estate investors. Some of the main attractions in Farnsworth include the beautiful Farnsworth Park, which offers scenic views and recreational activities for residents and visitors alike. Additionally, the town is home to quaint local shops, delicious restaurants, and a vibrant arts and culture scene.
The Benefits of Bridge Loans in Farnsworth, Texas
