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Navigating the process of buying a new home in Kennard, 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 Kennard, TX or getting it ready for the market.
Identify the new home you want to buy in Kennard, 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 Kennard, 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 Kennard, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Kennard, 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 Kennard, 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 Kennard, 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 Kennard, 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 Kennard, 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 Kennard, Texas offer a practical solution for homebuyers who need quick access to funds. These short-term loans can help bridge the gap between buying a new home and selling your current one, providing the flexibility needed to secure your dream home without delays. Demographically, Kennard is a charming town with a population that values community and small-town living. The residents here enjoy a peaceful lifestyle surrounded by nature, making it an ideal place for families and retirees looking to escape the hustle and bustle of city life. The housing market in Kennard is stable, with a range of affordable properties available for buyers. Bridge loans can be particularly beneficial in a competitive market like Kennard, where having access to quick financing can give you a competitive edge in securing your desired property. When in Kennard, make sure to visit the Texas Forestry Museum, which offers a glimpse into the region's rich forestry history. The Davy Crockett National Forest is also a must-see for nature lovers, providing ample opportunities for hiking, camping, and wildlife spotting.
Benefits of Bridge Loans in Kennard, Texas
