Get Approved at The Lowest Rate
Navigating the process of buying a new home in Freer, 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 Freer, TX or getting it ready for the market.
Identify the new home you want to buy in Freer, 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 Freer, 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 Freer, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Freer, 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 Freer, 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 Freer, 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 Freer, 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 Freer, 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 Freer, Texas are advantageous for individuals who need immediate financing to bridge the gap between the purchase of a new home and the sale of their current property. These loans offer flexibility in terms of repayment and often have lower credit score requirements compared to traditional mortgages, making them accessible to a wider range of borrowers. Demographics in Freer, Texas indicate a population of approximately 2,500 residents. The community is diverse, with a mix of both young professionals and families. The median household income is $45,000, and the cost of living is relatively affordable compared to major urban areas. The housing market in Freer, Texas is dynamic, with a median home price of $120,000. The market is competitive, but bridge loans provide buyers with a competitive edge by enabling quick purchases. Additionally, properties in Freer often appreciate in value, making it a sound investment for potential homeowners. Freer, Texas boasts a variety of main attractions, including the San Fernando Cathedral, the Freer Rattlesnake Roundup, and the Briscoe-Garner Museum. These attractions offer residents and visitors alike opportunities for cultural enrichment and entertainment in the heart of Texas.
Benefits of Bridge Loans in Freer, Texas
