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Navigating the process of buying a new home in Camden, 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 Camden, TX or getting it ready for the market.
Identify the new home you want to buy in Camden, 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 Camden, 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 Camden, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Camden, 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 Camden, 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 Camden, 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 Camden, 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 Camden, 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 Camden, Texas offer a flexible and convenient financing solution for homeowners who are looking to purchase a new home before selling their current one. This type of loan allows them to bridge the financial gap between the purchase of a new home and the sale of their existing property. Demographically, Camden, Texas is a vibrant community with a diverse population. The town is known for its friendly residents, excellent schools, and strong sense of community spirit. With a mix of young families, professionals, and retirees, Camden offers a welcoming environment for people from all walks of life. In terms of the housing market, Camden, Texas has seen steady growth in recent years. The real estate market is characterized by a mix of historic homes, new developments, and spacious properties. Home prices in Camden are competitive compared to nearby areas, making it an attractive option for those looking to buy or sell property. Some of the main attractions in Camden, Texas include the picturesque downtown area, which is filled with charming shops, restaurants, and cultural attractions. The town is also known for its beautiful parks, outdoor recreational activities, and community events that bring residents together throughout the year.
Benefits of Bridge Loans in Camden, Texas
