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Navigating the process of buying a new home in Caddo, 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 Caddo, TX or getting it ready for the market.
Identify the new home you want to buy in Caddo, 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 Caddo, 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 Caddo, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Caddo, 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 Caddo, 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 Caddo, 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 Caddo, 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 Caddo, 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 Caddo, Texas provide a valuable solution for homeowners who are looking to purchase a new home before selling their current one. These loans offer quick access to funds, allowing individuals to make a competitive offer on a new property without waiting for their existing home to sell. Demographically, Caddo, Texas is a quaint town with a population of approximately 1,500 residents. The community is known for its friendly atmosphere and strong sense of local pride. Residents enjoy a low cost of living and access to quality schools, making it an ideal place to raise a family. The housing market in Caddo, Texas is characterized by a diverse range of properties, including single-family homes, townhouses, and apartments. The market is currently experiencing steady growth, with property values on the rise. Bridge loans provide buyers with the flexibility to capitalize on these market conditions and secure their desired property. Some main attractions in Caddo include the picturesque Caddo Lake, which offers opportunities for fishing and boating. The town also boasts a historic downtown area with charming shops and restaurants. Outdoor enthusiasts can explore the nearby trails and parks, making Caddo a destination for those seeking a peaceful and scenic lifestyle.
Benefits of Bridge Loans in Caddo, Texas
