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Navigating the process of buying a new home in Fredericksburg, 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 Fredericksburg, TX or getting it ready for the market.
Identify the new home you want to buy in Fredericksburg, 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 Fredericksburg, 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 Fredericksburg, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fredericksburg, 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 Fredericksburg, 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 Fredericksburg, 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 Fredericksburg, 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 Fredericksburg, 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 Fredericksburg provide borrowers with temporary financing to bridge the gap between selling a current home and purchasing a new one, offering flexibility and convenience during the transition period. Demographics in Fredericksburg, Texas, show a population of around 11,000 residents, with a median age of 48. The city has a strong German heritage, showcased through its architecture, festivals, and culinary offerings. The housing market in Fredericksburg is characterized by a mix of historic homes, modern developments, and ranch-style properties. Home prices have been steadily appreciating, making it an attractive location for both buyers and investors. Main attractions in Fredericksburg include the National Museum of the Pacific War, Enchanted Rock State Natural Area, and the vibrant downtown area with boutique shops, wine tasting rooms, and local restaurants.
Benefits of Bridge Loans in Fredericksburg, Texas
