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Navigating the process of buying a new home in Frankston, 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 Frankston, TX or getting it ready for the market.
Identify the new home you want to buy in Frankston, 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 Frankston, 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 Frankston, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Frankston, 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 Frankston, 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 Frankston, 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 Frankston, 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 Frankston, 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 Frankston, Texas offer a flexible and convenient financing option for homebuyers. These loans provide short-term funding to bridge the gap between the purchase of a new home and the sale of an existing one. They are beneficial in allowing buyers to secure a new property without the need to wait for their current home to sell, thus preventing missed opportunities in a competitive housing market. Demographics: Frankston, Texas, has a population of around 1200 residents. The town is known for its tight-knit community and friendly atmosphere. The median household income is $40,000, and the majority of residents own their homes, creating a stable and established neighborhood. Housing Market: The housing market in Frankston is currently experiencing steady growth, with a mix of affordable single-family homes and charming rural properties. The median home price is $120,000, making it an attractive option for first-time buyers and those looking for a peaceful retreat close to nature. Main Attractions: Frankston offers a range of outdoor activities, including fishing and boating on Lake Palestine, hiking in the nearby Piney Woods, and exploring the historic downtown area with its quaint shops and restaurants. The town's relaxed pace and scenic beauty make it a desirable location for those seeking a laid-back lifestyle.
Benefits of Bridge Loans in Frankston, Texas
