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Navigating the process of buying a new home in Caddo Mills, 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 Mills, TX or getting it ready for the market.
Identify the new home you want to buy in Caddo Mills, 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 Mills, 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 Mills, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Caddo Mills, 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 Mills, 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 Mills, 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 Mills, 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 Mills, 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 Mills, Texas provide a crucial financial lifeline to homebuyers allowing them to seamlessly transition from one property to another. These short-term loans bridge the gap between buying a new home and selling the current one, offering flexibility and convenience. Caddo Mills, Texas, with a population of approximately 1,600 residents, boasts a suburban feel with a mix of rural landscapes. The demographic makeup includes a diverse community of families, professionals, and retirees, creating a vibrant and welcoming atmosphere. The housing market in Caddo Mills offers a variety of options ranging from spacious single-family homes to cozy apartments. With a median home price below the national average, the town presents affordable housing opportunities for first-time buyers and growing families. While in Caddo Mills, visitors can explore attractions like the picturesque Lake Lavon for water activities, enjoy outdoor adventures at the Copperhead Creek Shooting Club, or visit local farms for fresh produce. The town's rich history and charm make it a unique destination in Texas.
Benefits of Bridge Loans in Caddo Mills, Texas
