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Navigating the process of buying a new home in Childress, 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 Childress, TX or getting it ready for the market.
Identify the new home you want to buy in Childress, 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 Childress, 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 Childress, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Childress, 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 Childress, 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 Childress, 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 Childress, 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 Childress, 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 Childress, Texas offer quick financing solutions to bridge the gap between the purchase of a new home and the sale of an existing property. This type of loan provides flexibility and a competitive advantage in a fast-paced real estate market. Demographics Childress, Texas, is a vibrant community with a population that values a small-town atmosphere with access to urban amenities. The median age in Childress is 38 years old, and the median household income stands at $44,000. The city is characterized by a diverse population mix, creating a welcoming environment for residents. Housing Market The housing market in Childress, Texas, is stable, offering a range of affordable housing options for buyers. The median home value in Childress is $80,000, with a mix of single-family homes and apartments available. Bridge loans can facilitate the purchase of properties in this market, enabling buyers to secure their dream homes. Main Attractions Childress, Texas, boasts several main attractions, including the Childress County Heritage Museum, which showcases the rich history of the region. The city is also home to the Childress Art Center, offering cultural experiences for residents and visitors alike. Outdoor enthusiasts can enjoy Lake Childress for recreational activities such as fishing and boating.
Benefits of Bridge Loans in Childress, Texas
