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Navigating the process of buying a new home in Chicota, 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 Chicota, TX or getting it ready for the market.
Identify the new home you want to buy in Chicota, 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 Chicota, 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 Chicota, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Chicota, 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 Chicota, 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 Chicota, 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 Chicota, 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 Chicota, 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 offer flexibility for Chicota residents looking to finance a new home purchase before selling their current property. This type of financing provides quick access to funds to secure a new home without the need to wait for the sale of the existing property, enabling smoother transitions. Chicota, Texas, is a small, close-knit community with a population that values a peaceful and rural lifestyle. The demographic makeup consists mainly of families and retirees attracted to the area's serene surroundings and tight-knit community feel. The housing market in Chicota offers a range of options, from cozy single-family homes to spacious ranch-style properties. With the help of bridge loans, residents can take advantage of the diverse housing market to find their dream home without the added stress of timing the sale of their current property. Some of the main attractions in Chicota include the picturesque Red River, ideal for outdoor activities like fishing and hiking. Additionally, the town's historic landmarks and local farmers' markets provide residents with a rich cultural experience unique to the area.
Benefits of Bridge Loans in Chicota, Texas
