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Navigating the process of buying a new home in Cactus, 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 Cactus, TX or getting it ready for the market.
Identify the new home you want to buy in Cactus, 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 Cactus, 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 Cactus, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cactus, 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 Cactus, 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 Cactus, 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 Cactus, 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 Cactus, 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 Cactus, Texas offer a convenient short-term financing solution for homeowners looking to purchase a new home before selling their current one. This type of loan provides flexibility and allows individuals to avoid the stress of coordinating two real estate transactions simultaneously. Demographics: Cactus, Texas, is a small town with a tight-knit community. The population mainly consists of families and working professionals. The town has a diverse demographic mix, with a blend of cultures and backgrounds that contribute to its unique charm. Housing Market: The housing market in Cactus, Texas, is stable with a mix of affordable single-family homes and some new developments. Bridge loans can be particularly beneficial in this market where competition for limited housing stock can be fierce, allowing buyers to act quickly. Main Attractions: While Cactus, Texas, may be small, it boasts some notable attractions including picturesque parks, local restaurants serving up delicious Texan cuisine, and community events that bring residents together.
Benefits of Bridge Loans in Cactus, Texas
