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Navigating the process of buying a new home in Follett, 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 Follett, TX or getting it ready for the market.
Identify the new home you want to buy in Follett, 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 Follett, 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 Follett, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Follett, 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 Follett, 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 Follett, 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 Follett, 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 Follett, 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 offer valuable benefits for residents in Follett, Texas, by providing a short-term financing solution to bridge the gap between the purchase of a new home and the sale of an existing one. This can help homeowners avoid potential financial stress and secure their dream home without delays. Demographics in Follett show a close-knit community with a population that values small-town charm and a strong sense of community. The town boasts a mix of young families and retirees, creating a diverse and welcoming environment for residents of all ages. The housing market in Follett is characterized by a variety of home styles, from historic properties to modern builds, catering to different preferences. With the assistance of bridge loans, residents have the opportunity to explore these housing options and make informed decisions that align with their needs and budget. Main attractions in Follett include the acclaimed Follett Independent School District, known for its focus on academic excellence and extracurricular activities. Additionally, residents can enjoy outdoor recreational activities in the nearby Lake McClellan, providing a serene escape from the hustle and bustle of daily life.
Benefits of Bridge Loans in Follett, Texas
