Get Approved at The Lowest Rate
Navigating the process of buying a new home in Madisonville, 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 Madisonville, TX or getting it ready for the market.
Identify the new home you want to buy in Madisonville, 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 Madisonville, 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 Madisonville, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Madisonville, 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 Madisonville, 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 Madisonville, 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 Madisonville, 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 Madisonville, 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 Madisonville, Texas offer numerous benefits for individuals looking to purchase a new home before selling their current one. These short-term loans provide financial flexibility and enable seamless transitions between properties without the need to wait for the sale of the existing home. Madisonville, Texas, a vibrant city in Madison County, boasts a diverse population with a rich cultural heritage. The demographic makeup includes a mix of young professionals, families, and retirees, contributing to a dynamic and welcoming community atmosphere. The housing market in Madisonville, Texas, is robust, offering a variety of housing options to suit different preferences and budgets. Whether seeking a cozy single-family home or a spacious ranch-style property, prospective buyers can find suitable options in this thriving real estate market. Madisonville is renowned for its array of attractions, including the Texas Mushroom Festival, which celebrates the city's agricultural heritage. Other notable landmarks include the Madison County Museum and Lake Madison Park, providing residents and visitors with ample recreational opportunities.
Bridge Loans in Madisonville, Texas
