Get Approved at The Lowest Rate
Navigating the process of buying a new home in Malakoff, 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 Malakoff, TX or getting it ready for the market.
Identify the new home you want to buy in Malakoff, 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 Malakoff, 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 Malakoff, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Malakoff, 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 Malakoff, 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 Malakoff, 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 Malakoff, 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 Malakoff, 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 Malakoff, Texas offer a convenient financing option for residents looking to purchase a new home before selling their current one. This type of loan provides short-term funding to bridge the gap between the sale of the existing home and the purchase of a new one, helping homeowners avoid the stress of timing contingencies. Demographically, Malakoff, Texas is a small yet vibrant community with a population of approximately 2,300 residents. The town boasts a diverse population, rich in culture and history, making it an ideal place for families, professionals, and retirees alike. In terms of the housing market, Malakoff offers a range of affordable housing options, from cozy single-family homes to spacious ranch-style properties. With a median home price below the national average, Malakoff presents a great opportunity for first-time homebuyers and those looking to invest in real estate. Some main attractions in Malakoff include the beautiful Cedar Creek Lake, known for its scenic views and recreational activities such as boating, fishing, and camping. Additionally, residents and visitors can enjoy exploring the Malakoff Man archaeological site, a significant historical landmark in the area.
Benefits of Bridge Loans in Malakoff, Texas
