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Navigating the process of buying a new home in Fred, 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 Fred, TX or getting it ready for the market.
Identify the new home you want to buy in Fred, 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 Fred, 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 Fred, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fred, 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 Fred, 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 Fred, 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 Fred, 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 Fred, 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 offer flexibility to homeowners in Fred by providing short-term financing to bridge the gap between the purchase of a new home and the sale of the current one. This allows for a smoother transition without the stress of timing constraints and potential financial burdens. Demographics: Fred, Texas, boasts a diverse population with a mix of young families, professionals, and retirees. The community is known for its strong sense of neighborly spirit and welcoming atmosphere. The area has a growing job market, making it an attractive destination for people looking to settle down. Housing Market: The housing market in Fred, Texas, is competitive yet offers a range of options to suit different tastes and budgets. From cozy single-family homes to spacious condos, there is something for everyone. With the help of bridge loans, buyers can act quickly in this dynamic market and secure their dream home. Main Attractions: Fred is home to beautiful parks, charming cafes, and cultural landmarks that showcase the town's rich history. Residents can enjoy outdoor activities like hiking and biking in the scenic surroundings or explore local shops and eateries. The vibrant community events and festivals further add to the town's appeal.
Benefits of Bridge Loans in Fred, Texas
