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Navigating the process of buying a new home in Fieldton, 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 Fieldton, TX or getting it ready for the market.
Identify the new home you want to buy in Fieldton, 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 Fieldton, 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 Fieldton, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fieldton, 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 Fieldton, 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 Fieldton, 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 Fieldton, 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 Fieldton, 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 Fieldton, Texas offer numerous benefits to borrowers. These short-term loans provide immediate funding to bridge the gap between the purchase of a new property and the sale of an existing one. They allow borrowers to make a competitive offer without contingencies, enabling quick transactions in a competitive market. Demographically, Fieldton is a small community located in Lamb County, Texas. With a population of approximately 75 residents, the town offers a close-knit community feel. The area is primarily rural, making it an ideal location for those seeking a quieter, suburban lifestyle. In terms of the housing market, Fieldton offers a range of housing options, including single-family homes and some acreage properties. The market is relatively stable, with moderate price appreciation over the years. Bridge loans can help buyers secure their dream home in Fieldton while awaiting the sale of their current property. Fieldton, Texas is home to various attractions, including the Fieldton Baptist Church, which holds historical significance in the town. The peaceful surroundings and vast open spaces make it an excellent place for nature lovers and outdoor enthusiasts. Residents can enjoy the charm of small-town living while being close to larger cities like Lubbock.
Benefits of Bridge Loans in Fieldton, Texas
