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Navigating the process of buying a new home in Chico, 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 Chico, TX or getting it ready for the market.
Identify the new home you want to buy in Chico, 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 Chico, 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 Chico, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Chico, 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 Chico, 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 Chico, 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 Chico, 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 Chico, 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 Chico, Texas offer quick financing solutions for homebuyers, allowing them to bridge the gap between the purchase of a new home and the sale of their existing property. This can be advantageous in competitive real estate markets or when timing is crucial. Chico, Texas, a charming town located in Wise County, has a population of approximately 1,000 residents. The town boasts a close-knit community feel with a mix of families and retirees. The area is known for its excellent school system and low crime rates, making it an ideal place to raise a family. The housing market in Chico is dynamic, with a range of affordable options available. The median home price is $150,000, making it an attractive location for first-time homebuyers and investors. With rising property values and a steady demand for housing, Chico offers a promising real estate market. Chico, Texas, is also known for its beautiful outdoor attractions, including the stunning Lake Bridgeport and Chico State Park. Residents and visitors can enjoy fishing, boating, hiking, and camping in these picturesque settings. Additionally, the town hosts annual events such as the Chico Crawfish Festival, showcasing its vibrant community spirit.
Bridge Loans in Chico, Texas
