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Navigating the process of buying a new home in Forestburg, 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 Forestburg, TX or getting it ready for the market.
Identify the new home you want to buy in Forestburg, 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 Forestburg, 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 Forestburg, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Forestburg, 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 Forestburg, 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 Forestburg, 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 Forestburg, 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 Forestburg, 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!
Benefits of Bridge Loans: Bridge loans provide short-term financing to bridge the gap between the purchase of a new property and the sale of an existing one. In Forestburg, Texas, these loans offer flexibility, quick access to funds, and help avoid missing out on a new property while waiting for the current one to sell. Demographics: Forestburg, Texas, is a small and close-knit community with a population of around 500 residents. The town has a rich history and a strong sense of community, making it an ideal place for families and individuals looking for a peaceful and friendly environment. Housing Market: The housing market in Forestburg is characterized by a mix of charming historic homes and modern properties. Bridge loans can be beneficial in this market by providing buyers with the financial flexibility to secure their dream home without having to wait for their current property to sell. Main Attractions: Forestburg offers a variety of outdoor activities, including hiking, fishing, and camping in the nearby state parks. The town also hosts community events, farmer's markets, and local festivals, providing residents with opportunities to connect and engage with their neighbors.
Bridge Loans in Forestburg, Texas
