Get Approved at The Lowest Rate
Navigating the process of buying a new home in New Summerfield, 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 New Summerfield, TX or getting it ready for the market.
Identify the new home you want to buy in New Summerfield, 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 New Summerfield, 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 New Summerfield, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in New Summerfield, 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 New Summerfield, 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 New Summerfield, 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 New Summerfield, 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 New Summerfield, 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 New Summerfield, Texas offer several benefits for homeowners. These short-term loans provide quick access to funds that allow individuals to purchase a new home before selling their current property. This flexibility can prevent missed opportunities and reduce stress during the transition period. Demographically, New Summerfield, Texas is a vibrant community with a mix of families and professionals. The town has a welcoming atmosphere and a strong sense of community, making it an ideal place for those looking to settle down or raise a family. The housing market in New Summerfield, Texas is dynamic and offers a range of options for buyers. With competitive prices and low-interest rates, investing in property in this area can be a sound financial decision. Bridge loans can help buyers navigate the market efficiently. Some main attractions in New Summerfield include its beautiful parks, local restaurants serving delicious Southern cuisine, and proximity to outdoor recreational areas such as Lake Jacksonville. The town's rich history and friendly locals make it a desirable place to live and visit.
Benefits of Bridge Loans in New Summerfield, Texas
