Get Approved at The Lowest Rate
Navigating the process of buying a new home in Gainesville, 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 Gainesville, TX or getting it ready for the market.
Identify the new home you want to buy in Gainesville, 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 Gainesville, 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 Gainesville, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Gainesville, 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 Gainesville, 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 Gainesville, 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 Gainesville, 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 Gainesville, 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 offer the advantage of providing immediate funds for homeowners looking to purchase a new property in Gainesville, Texas without having to sell their current home first. This allows for a smooth transition between properties and eliminates the need to rush into a sale, potentially leading to a better deal. Gainesville, Texas, known for its rich history and Southern charm, boasts a diverse demographic mix. The city has a population of approximately 16,000 residents, with a median age of 36 years. The community is close-knit, with a blend of young families, professionals, and retirees creating a vibrant local culture. The housing market in Gainesville, Texas, is experiencing steady growth, making it an attractive destination for homebuyers. The median home price in the area is $150,000, with a variety of housing options available to suit different preferences and budgets. With low-interest rates and a stable market, now is an opportune time to invest in Gainesville's real estate market. Aside from its real estate appeal, Gainesville offers various main attractions for residents and visitors. The city is home to the Frank Buck Zoo, a popular family-friendly destination, and the historic Gainesville Community Circus, a unique cultural experience. Additionally, downtown Gainesville features quaint shops, local eateries, and community events that showcase the city's charm.
Benefits of Bridge Loans in Gainesville, Texas
