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Navigating the process of buying a new home in Fresno, 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 Fresno, TX or getting it ready for the market.
Identify the new home you want to buy in Fresno, 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 Fresno, 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 Fresno, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fresno, 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 Fresno, 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 Fresno, 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 Fresno, 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 Fresno, 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 Fresno, Texas offer a flexible financing option for those looking to purchase a new home before selling their existing one. This financial tool provides short-term funds to cover the down payment on a new property, giving buyers the confidence to make a quick move without waiting for their current home to sell. Demographically, Fresno is a diverse and growing community located in the greater Houston area. With a mix of young families, professionals, and retirees, the population reflects a vibrant and inclusive neighborhood. The area is known for its excellent schools, parks, and amenities, making it an attractive location for individuals and families looking to settle down. In terms of the housing market, Fresno, Texas, offers a range of housing options to suit different preferences and budgets. From spacious single-family homes to modern townhouses, there is something for everyone in this dynamic market. The real estate market in Fresno is competitive, with properties often selling quickly, making it an exciting environment for both buyers and sellers. Some main attractions in Fresno include the nearby Fort Bend Museum, which offers a glimpse into the area's rich history, as well as numerous parks and recreational facilities for outdoor enthusiasts. The community also hosts regular events and festivals, creating a lively and engaging atmosphere for residents and visitors alike.
Benefits of Bridge Loans in Fresno, Texas