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Navigating the process of buying a new home in Mcfaddin, 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 Mcfaddin, TX or getting it ready for the market.
Identify the new home you want to buy in Mcfaddin, 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 Mcfaddin, 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 Mcfaddin, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mcfaddin, 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 Mcfaddin, 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 Mcfaddin, 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 Mcfaddin, 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 Mcfaddin, 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 McFaddin, Texas offer a convenient financial solution for homeowners looking to purchase a new property before selling their current one. These short-term loans bridge the gap between the sale of the existing home and the purchase of a new one, providing flexibility and liquidity to the borrower. Demographically, McFaddin, Texas, is a small community known for its tight-knit neighborhoods and friendly atmosphere. The town has a diverse population with a mix of young families, retirees, and professionals, creating a vibrant and welcoming environment for residents. The housing market in McFaddin, Texas, is characterized by a mix of traditional single-family homes, modern condominiums, and spacious ranch-style properties. With a stable economy and steady job growth, McFaddin offers a range of housing options to suit different preferences and budgets. Main attractions in McFaddin, Texas, include the beautiful McFaddin Beach, popular for fishing and picnicking, as well as the historic McFaddin Wildlife Refuge, which offers hiking trails and birdwatching opportunities. The town also hosts various community events and festivals throughout the year, providing entertainment for residents and visitors alike.
Benefits of Bridge Loans in McFaddin, Texas
