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Navigating the process of buying a new home in Cisco, 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 Cisco, TX or getting it ready for the market.
Identify the new home you want to buy in Cisco, 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 Cisco, 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 Cisco, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cisco, 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 Cisco, 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 Cisco, 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 Cisco, 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 Cisco, 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 Cisco, Texas offer a valuable financial tool to bridge the gap between the purchase of a new home and the sale of an existing one. These short-term loans provide quick access to funds, allowing homeowners to secure their new property without the stress of waiting for their old home to sell. Diving into the demographics of Cisco, Texas, it's a charming small town with a population of approximately 3,800 residents. The community is known for its friendly atmosphere, strong sense of community, and affordable cost of living, making it an attractive place for families and retirees alike. In terms of the housing market, Cisco offers a mix of historic homes and modern properties, catering to a variety of tastes and budgets. With the help of bridge loans, buyers can take advantage of the diverse housing options available in the area, from cozy bungalows to spacious family homes. Some main attractions in Cisco include the historic Conrad Hilton Center, where visitors can learn about the town's rich history, and Lake Cisco, a popular spot for fishing and outdoor activities. Additionally, the annual Lobsterfest draws in locals and tourists for a weekend of festivities, music, and delicious food.
Benefits of Bridge Loans in Cisco, Texas
