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Navigating the process of buying a new home in Forreston, 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 Forreston, TX or getting it ready for the market.
Identify the new home you want to buy in Forreston, 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 Forreston, 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 Forreston, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Forreston, 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 Forreston, 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 Forreston, 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 Forreston, 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 Forreston, 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 offer a short-term financing solution for individuals looking to purchase a new home before selling their current one. They provide quick access to funds, flexibility in repayment terms, and can help avoid the stress of a contingent offer. Demographics: Forreston, Texas, is a quaint town with a population of approximately 230 residents. The community is close-knit, comprising mostly families and retirees. The town has a low crime rate and a strong sense of community. Housing Market: The housing market in Forreston is competitive yet offers affordable options compared to neighboring areas. The median home price is around $200,000, making it an attractive location for first-time homebuyers and those looking to invest in real estate. Main Attractions: Forreston boasts scenic views of rolling hills and farmland, making it a picturesque place to call home. Residents enjoy outdoor activities such as hiking and biking in the nearby parks. The town also hosts community events like farmers' markets and local fairs.
Bridge Loans in Forreston, Texas
