Get Approved at The Lowest Rate
Navigating the process of buying a new home in Farwell, 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 Farwell, TX or getting it ready for the market.
Identify the new home you want to buy in Farwell, 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 Farwell, 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 Farwell, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Farwell, 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 Farwell, 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 Farwell, 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 Farwell, 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 Farwell, 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 Farwell, Texas offer a crucial financial solution for individuals looking to purchase a new home before selling their current one. These loans provide the benefit of quick access to funds, allowing buyers to secure their new property without delays. Demographically, Farwell, Texas is a small town located in Parmer County with a population of around 1,400 residents. The community is known for its friendly atmosphere and tight-knit feel, making it an ideal location for families and those looking for a peaceful lifestyle. The housing market in Farwell is characterized by a variety of options ranging from single-family homes to larger estates, offering something for every buyer. With competitive prices and low interest rates, the market presents an appealing opportunity for both first-time buyers and investors. Some main attractions in Farwell include the historic Farwell Depot, a popular spot for history enthusiasts, as well as the Farwell City Park which offers recreational facilities for residents and visitors alike. Additionally, the town hosts annual events such as the Farwell Labor Day Celebration, showcasing its vibrant community spirit.
Benefits of Bridge Loans in Farwell, Texas
