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Navigating the process of buying a new home in Fayetteville, 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 Fayetteville, TX or getting it ready for the market.
Identify the new home you want to buy in Fayetteville, 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 Fayetteville, 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 Fayetteville, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fayetteville, 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 Fayetteville, 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 Fayetteville, 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 Fayetteville, 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 Fayetteville, 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 Fayetteville, Texas offer a valuable solution for homeowners who are looking to purchase a new home before selling their existing one. These short-term loans provide the flexibility to bridge the financing gap, giving homeowners the ability to make a smooth transition without the stress of timing constraints. With a bridge loan, homeowners can avoid missing out on the perfect home while waiting for their current property to sell. Demographics: Fayetteville, Texas, is a charming town known for its rich history and tight-knit community. The population of Fayetteville is around 250 residents, creating a warm and welcoming atmosphere for both newcomers and long-time residents. The town boasts a mix of age groups, with a median age of 43 years old, making it an ideal place for families and retirees alike. Housing Market: The housing market in Fayetteville, Texas, offers a range of options for potential buyers. From historic homes boasting classic architecture to modern developments with all the amenities, there is something for everyone in Fayetteville. As of recent data, the median home price in Fayetteville is $325,000, showing steady growth and a strong market for both buyers and sellers. Main Attractions: Fayetteville, Texas, is home to several main attractions that draw visitors from near and far. The town is known for its historic downtown district, filled with boutiques, galleries, and restaurants. Additionally, residents and visitors alike enjoy exploring the local vineyards and wineries, taking in the natural beauty of the surrounding countryside, and partaking in community events throughout the year.
The Benefits of Bridge Loans in Fayetteville, Texas
