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Navigating the process of buying a new home in 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 Summerfield, TX or getting it ready for the market.
Identify the new home you want to buy in 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 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 Summerfield, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in 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 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 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 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 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 Summerfield, Texas offer a flexible financing solution for homeowners who are looking to purchase a new home before selling their current one. These loans provide quick access to funds, enabling a smooth transition without the stress of waiting for the sale of the existing property. Summerfield, Texas, a picturesque town with a population of approximately 2,500, boasts a diverse community with a strong sense of unity. The town is known for its excellent schools, making it an ideal place for families looking to settle down. The housing market in Summerfield is thriving, with a range of properties available to suit different preferences and budgets. From cozy single-family homes to spacious ranch-style estates, there is something for everyone in this charming town. While in Summerfield, residents and visitors can enjoy a variety of attractions, including the serene Summerfield Park, where families can picnic and enjoy outdoor activities. The town also has a vibrant downtown area with quaint shops and restaurants, perfect for leisurely strolls and casual dining.
Exploring the Benefits of Bridge Loans in Summerfield, Texas
