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Navigating the process of buying a new home in Canton, 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 Canton, TX or getting it ready for the market.
Identify the new home you want to buy in Canton, 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 Canton, 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 Canton, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Canton, 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 Canton, 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 Canton, 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 Canton, 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 Canton, 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 Canton, Texas offer flexibility and convenience to borrowers who need short-term financing to bridge the gap between two transactions. They provide quick access to funds, allowing buyers to secure a new property before selling their existing one. Demographics: Canton, Texas, is a charming town with a population of approximately 3,800 residents. The community is diverse, with a mix of families, retirees, and young professionals creating a vibrant and welcoming environment. Housing Market: The housing market in Canton, Texas, is dynamic and offers a variety of residential properties ranging from historic homes to modern developments. With competitive prices and a steady demand, the real estate market is favorable for both buyers and sellers. Main Attractions: Canton is renowned for its First Monday Trade Days, one of the largest flea markets in the state. Visitors also enjoy exploring the local parks, historic downtown area, and the proximity to the natural beauty of East Texas.
The Benefits of Bridge Loans in Canton, Texas
