Get Approved at The Lowest Rate
Navigating the process of buying a new home in Fredonia, 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 Fredonia, TX or getting it ready for the market.
Identify the new home you want to buy in Fredonia, 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 Fredonia, 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 Fredonia, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fredonia, 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 Fredonia, 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 Fredonia, 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 Fredonia, 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 Fredonia, 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 Fredonia, Texas offer a variety of benefits for borrowers. One key advantage is the flexibility they provide in helping bridge the gap between the purchase of a new home and the sale of a current one, making the transition smoother for homeowners. Additionally, these short-term loans typically have quicker approval processes than traditional mortgages, allowing for expedited financing. Demographics: Fredonia, situated in East Texas, has a population of approximately X, with a median household income of Y. The town boasts a diverse community with a mix of families, retirees, and young professionals, creating a vibrant and welcoming atmosphere. Housing Market: The housing market in Fredonia is currently stable, with a range of options from historic homes to modern developments. Property values have been steadily increasing over the past few years, making it an attractive location for both homebuyers and investors looking for growth potential. Main Attractions: Fredonia is known for its picturesque parks, charming downtown area, and rich cultural heritage. Visitors and residents alike can enjoy outdoor activities in the nearby national parks, sample local cuisine at quaint eateries, and explore the town's historical landmarks.
Benefits of Bridge Loans in Fredonia, Texas
