Get Approved at The Lowest Rate
Navigating the process of buying a new home in Telephone, 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 Telephone, TX or getting it ready for the market.
Identify the new home you want to buy in Telephone, 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 Telephone, 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 Telephone, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Telephone, 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 Telephone, 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 Telephone, 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 Telephone, 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 Telephone, 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 offer immediate financing solutions for homeowners in Telephone, Texas, bridging the gap between the purchase of a new home and the sale of their existing property. This enables individuals to secure their dream home without the stress of timing constraints. Telephone, Texas, a charming rural community with a population of approximately 300, is known for its close-knit community, low crime rates, and excellent schools, making it an ideal place for families and retirees looking for a peaceful and safe environment. The housing market in Telephone, Texas, is diverse, offering a mix of historic homes, modern properties, and spacious land lots. The median home value is around $150,000, making it an affordable option for those looking to invest in a property with significant potential for appreciation. Main attractions in Telephone, Texas, include the picturesque Lake Bonham, popular for fishing and boating activities, the Bonham State Park with its scenic trails and camping facilities, and the Sam Rayburn House Museum providing insight into the area's rich history.
Benefits of Bridge Loans in Telephone, Texas
