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Navigating the process of buying a new home in Fort Hood, 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 Hood, TX or getting it ready for the market.
Identify the new home you want to buy in Fort Hood, 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 Hood, 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 Hood, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fort Hood, 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 Hood, 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 Hood, 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 Hood, 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 Hood, 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 Hood, Texas provide borrowers with short-term financing to bridge the gap between the purchase of a new home and the sale of their current property. One of the main benefits is the flexibility it offers, allowing homeowners to make a smooth transition without the stress of timing constraints. Demographics in Fort Hood consist largely of military personnel and their families due to the presence of the Fort Hood Army base, one of the largest in the world. The community is diverse, with a mix of cultures and backgrounds, creating a vibrant and inclusive atmosphere. The housing market in Fort Hood is stable, with a range of options available to buyers. Bridge loans can be particularly useful in a competitive market, giving borrowers an advantage in securing their dream home while awaiting the sale of their existing property. Main attractions in Fort Hood include the 1st Cavalry Division Museum, showcasing the rich military history of the region, as well as recreational opportunities at Belton Lake and the surrounding parks. The area also boasts a variety of dining and shopping options, catering to residents and visitors alike.
Benefits of Bridge Loans in Fort Hood, Texas
