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Navigating the process of buying a new home in Carthage, 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 Carthage, TX or getting it ready for the market.
Identify the new home you want to buy in Carthage, 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 Carthage, 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 Carthage, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Carthage, 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 Carthage, 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 Carthage, 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 Carthage, 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 Carthage, 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 Carthage, Texas offer a convenient financing solution for homeowners who are looking to purchase a new home before selling their current one. These loans provide the flexibility of accessing funds for a down payment while waiting for the sale of their existing property, avoiding the need for two mortgages simultaneously. Demographically, Carthage, Texas, is a vibrant community with a population that enjoys a mix of urban amenities and small-town charm. The city boasts a diverse population with a strong sense of community spirit, making it an ideal place for families and individuals looking for a welcoming environment. In terms of the housing market, Carthage, Texas, offers a range of housing options to suit various preferences and budgets. The market is relatively stable, with steady appreciation in property values over the years. Bridge loans can help buyers capitalize on potential opportunities in the housing market without having to exhaust their existing resources. Some of the main attractions in Carthage include the Texas Country Music Hall of Fame, Panola College, and the Jim Reeves Memorial. The city also features beautiful parks, recreational facilities, and a vibrant downtown area with a mix of shops and restaurants, offering residents and visitors a fulfilling lifestyle.
Benefits of Bridge Loans in Carthage, Texas
