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Navigating the process of buying a new home in Clyde, 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 Clyde, TX or getting it ready for the market.
Identify the new home you want to buy in Clyde, 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 Clyde, 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 Clyde, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Clyde, 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 Clyde, 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 Clyde, 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 Clyde, 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 Clyde, 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!
Benefits of Bridge Loans: Bridge loans provide a convenient short-term financing option for individuals looking to purchase a new home before selling their current one. They offer flexibility in timing, allowing for smoother transitions between properties without the stress of simultaneous buying and selling. Demographics: Clyde, Texas, is a charming small town with a population of around 3,000 residents. The community has a mix of families and retirees, creating a close-knit and friendly atmosphere. The town boasts a strong sense of community pride and offers a safe and peaceful environment for residents. Housing Market: Clyde's housing market is stable and growing, with a variety of options ranging from historic homes to modern developments. The average home price is affordable compared to nearby urban areas, making it an attractive choice for first-time homebuyers and those looking for a tranquil rural setting. Main Attractions: In addition to its housing appeal, Clyde offers a range of attractions for residents and visitors. The town is known for its beautiful parks, recreational facilities, and annual events that celebrate its rich history and vibrant community spirit.
Bridge Loans in Clyde, Texas
