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Navigating the process of buying a new home in Fritch, 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 Fritch, TX or getting it ready for the market.
Identify the new home you want to buy in Fritch, 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 Fritch, 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 Fritch, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fritch, 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 Fritch, 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 Fritch, 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 Fritch, 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 Fritch, 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 Fritch, Texas provide a valuable financial solution for individuals looking to purchase a new home while they are still in the process of selling their current property. This type of loan bridges the financial gap and allows homeowners to make a down payment on a new house without having to wait for their old property to sell. Demographics: Fritch, Texas, has a population of around 2,000 residents. The town is known for its tight-knit community and family-friendly atmosphere. The majority of residents are homeowners, making it an attractive place for those looking to buy or sell property. Housing Market: The housing market in Fritch offers a mix of affordable single-family homes and spacious properties perfect for families. With the help of bridge loans, buyers can take advantage of the competitive market and secure their dream home quickly. Main Attractions: Fritch is located near Lake Meredith, a popular spot for outdoor activities such as boating, fishing, and hiking. The Alibates Flint Quarries National Monument is also a must-visit attraction for history buffs and nature enthusiasts.
Benefits of Bridge Loans in Fritch, Texas
