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Navigating the process of buying a new home in Coldspring, 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 Coldspring, TX or getting it ready for the market.
Identify the new home you want to buy in Coldspring, 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 Coldspring, 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 Coldspring, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Coldspring, 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 Coldspring, 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 Coldspring, 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 Coldspring, 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 Coldspring, 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 a flexible financing option for homebuyers in Coldspring, Texas, allowing them to secure a new property before selling their current one. This can prevent the stress of timing constraints and potentially secure a better deal on a new home. Demographically, Coldspring is a small town in San Jacinto County with a population of around 900 residents. The community is tight-knit, offering a peaceful and safe environment for families and individuals looking to settle down in a rural setting. The housing market in Coldspring is diverse, with a mix of historic homes, modern developments, and spacious ranch properties. Bridge loans can help homebuyers take advantage of this variety and facilitate smoother transitions between properties. Coldspring is known for its proximity to the beautiful Lake Livingston, offering residents and visitors opportunities for fishing, boating, and other recreational activities. The town also features quaint shops, local eateries, and annual events that showcase its charm.
Benefits of Bridge Loans in Coldspring, Texas
