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Navigating the process of buying a new home in Fort Davis, 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 Fort Davis, TX or getting it ready for the market.
Identify the new home you want to buy in Fort Davis, 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 Fort Davis, 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 Fort Davis, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fort Davis, 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 Fort Davis, 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 Fort Davis, 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 Fort Davis, 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 Fort Davis, 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 Fort Davis, Texas offer numerous benefits for individuals seeking interim financing. These short-term loans provide quick access to funds, allowing borrowers to bridge the gap between the purchase of a new property and the sale of their existing one. Demographically, Fort Davis, Texas, is a charming town with a population of around 1,000 residents. The community enjoys a low cost of living, a stable economy, and a strong sense of community spirit. The area is predominantly rural, offering a peaceful and scenic backdrop for residents. The housing market in Fort Davis is diverse, with options ranging from historic homes to modern properties. The market is relatively stable, making it an attractive location for real estate investment. Bridge loans can help buyers secure their dream home in this competitive market while awaiting the sale of their current property. Fort Davis boasts a range of main attractions, including the historic Fort Davis National Historic Site, which offers insights into the area's rich history. The nearby Davis Mountains State Park provides opportunities for outdoor activities such as hiking and camping, making it a popular destination for nature enthusiasts.
Benefits of Bridge Loans in Fort Davis, Texas
