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Navigating the process of buying a new home in Franklin, 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 Franklin, TX or getting it ready for the market.
Identify the new home you want to buy in Franklin, 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 Franklin, 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 Franklin, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Franklin, 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 Franklin, 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 Franklin, 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 Franklin, 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 Franklin, 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 Franklin, Texas can be advantageous for homebuyers. These short-term loans help bridge the gap between the purchase of a new home and the sale of the current one. This allows buyers to secure their new home without the pressure of selling the existing one quickly, providing financial flexibility and reducing stress. Franklin, Texas, is a charming small town with a population of around 1,600. The community here is tight-knit, offering a peaceful and welcoming atmosphere for families, retirees, and young professionals alike. The town boasts excellent schools, low crime rates, and a cost of living that is lower than the national average. The housing market in Franklin, Texas, is currently stable with steady appreciation rates. The median home value is affordable, making it an attractive option for first-time homebuyers and those looking to invest in property. Bridge loans can be particularly useful in a competitive market, allowing buyers to make strong offers without contingencies. Some of the main attractions in Franklin include the hearthstone historic house museum, Franklin Ranch Community Park, and the Robertson County Courthouse. Outdoor enthusiasts can enjoy hiking and fishing opportunities, while history buffs can explore the town's rich historical sites and landmarks.
Bridge Loans in Franklin, Texas
