Get Approved at The Lowest Rate
Navigating the process of buying a new home in Ferris, 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 Ferris, TX or getting it ready for the market.
Identify the new home you want to buy in Ferris, 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 Ferris, 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 Ferris, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ferris, 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 Ferris, 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 Ferris, 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 Ferris, 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 Ferris, 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 Ferris, Texas offer various advantages to homeowners. One key benefit is the ability to access quick financing, bridging the gap between buying a new home and selling the current one. This can be crucial to avoid missing out on a desirable property or facilitating a smooth transition without the pressure of immediate sales. Demographically, Ferris, Texas, is a vibrant community with a growing population of diverse backgrounds. The town boasts a mix of young professionals, families, and retirees, creating a rich tapestry of experiences and perspectives. This demographic diversity contributes to a dynamic local culture and a welcoming atmosphere for newcomers. In terms of the housing market, Ferris offers a range of opportunities for buyers and sellers. The market is characterized by competitive pricing, with a variety of housing options to suit different preferences and budgets. Additionally, the town's strategic location and proximity to urban centers make it an attractive real estate investment destination with promising growth potential. Main attractions in Ferris include its charming historic downtown area, where visitors can explore unique shops, local eateries, and cultural landmarks. The town also features beautiful parks and outdoor recreational spaces, providing residents with ample opportunities for leisure and relaxation. Furthermore, Ferris hosts community events and festivals that celebrate its heritage and foster a sense of community spirit.
Benefits of Bridge Loans in Ferris, Texas
